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  • NEW YORK, Feb 7- Oil prices that tumbled more than 1 percent Tuesday fell further after settlement, pressured by growing crude stockpiles in the United States as evidence of a burgeoning revival in U.S. shale production could complicate efforts by OPEC and other producers to reduce a supply glut. Brent crude settled down 67 cents, or 1.2 percent, at $55.05 a barrel,...

  • *Gains among big tech names counter energy declines to lift Wall Street. NEW YORK, Feb 7- Wall Street ended higher on Tuesday boosted by corporate earnings, while the dollar climbed to a more than one-week high on technical buying and political uncertainty in Europe. Brent crude settled down 67 cents, or 1.2 percent, at $55.05 a barrel while U.S. crude ended 84 cents, or...

  • OIL PRICES EXTEND LOSSES IN POST SETTLEMENT TRADE AFTER API DATA SHOWS MUCH BIGGER-THAN-EXPECTED BUILD IN CRUDE STOCKPILES.

  • Workers, bottom left, walk near National Oilwell Varco Inc. (NOV) oil duct reels at the Acu Port in Sao Joao da Barra, Brazil.

    Shares of National Oilwell Varco were tracking for their best day since Nov. 30, 2016, after the energy firm posted a smaller-than-expected earnings loss.

  • *China's oil demand growth at three-year low in 2016. NEW YORK, Feb 7- Oil prices fell more than 1 percent on Tuesday, pressured by growing gasoline stockpiles in the United States as evidence of a burgeoning revival in U.S. shale production could complicate efforts by OPEC and other producers to reduce a supply glut. Brent crude settled down 67 cents, or 1.2 percent,...

  • Shell Chief Executive Officer Ben van Beurden

    Royal Dutch Shell CEO Ben van Beurden speaks to CNBC's Kelly Evans about the company's investment in natural gas, outlook and the Trump administration.

  • NEW YORK, Feb 7- Wall Street pared gains on declining oil prices, while the dollar climbed to a more than one-week high on Tuesday on technical buying and political uncertainty in Europe. U.S. crude oil futures settled 1.58 percent, or 84 cents, lower at $52.17 a barrel. Brent was down 1.17 percent, or 65 cents, at $55.07.

  • Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources' Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas.

    The cost of drilling and fracking wells in the Permian Basin is quickly rising — that's if you can book the crews to do the work.

  • Workers wash off hoses that are part of the oil rig owned by Liberty Resources, located just outside of Tioga, ND in the Bakken region of US.

    The "Futures Now" team discusses crude oil's 2 percent drop, and where the commodity may head from here.

  • *OPEC- led production cuts support prices. NEW YORK, Feb 7- Oil prices fell on Tuesday, pressured by sluggish demand and evidence of a burgeoning revival in U.S. shale production that could complicate efforts by OPEC and other producers to reduce a supply glut. Benchmark Brent crude was down 80 cents at $54.92 a barrel by 11:31 EST.

  • CRUDE DOWN BY $1 AT $51.94 A BARREL, THE LOWEST SINCE JAN 20.

  • LONDON, Feb 7- Hedge funds have accumulated a large net long position in crude oil futures and options but the size of the position and its implications for future movements in prices are disputed. Hedge funds and other money managers had accumulated a net long position in the three main futures and options contracts linked to Brent and West Texas Intermediate...

  • *OPEC- led production cuts support prices. LONDON, Feb 7- Oil prices fell on Tuesday as lower production by OPEC and other exporters was undermined by growing evidence of a revival in U.S. shale production and sluggish demand. But while OPEC and Russia have together cut at least 1.1 million bpd so far, rising U.S. production, as well as signs of slowing demand growth,...

  • *OPEC- led production cuts support prices. LONDON, Feb 7- Oil prices slipped on Tuesday as lower production by OPEC and other exporters was undermined by growing evidence of a revival in U.S. shale production and sluggish demand. But while OPEC and Russia have together cut at least 1.1 million bpd so far, rising U.S. production, as well as signs of slowing demand growth,...

  • *OPEC- led production cuts support prices. LONDON, Feb 7- Oil prices steadied on Tuesday as lower production by OPEC and other exporters balanced growing evidence of a revival in U.S. shale production and sluggish demand. But while OPEC and Russia have together cut at least 1.1 million bpd so far, rising U.S. production, as well as signs of slowing demand growth,...

  • *Brent/WTI futures play declined as volatility ebbed. LONDON, Feb 7- After several years of neglect, oil investors are again betting heavily on the price difference between two global benchmarks- Brent and U.S. crude futures- due to a push in Washington to impose a controversial import tax. Then OPEC's decision in November to cut crude output, hoping to reverse more...

  • *OPEC- led production cuts support prices. LONDON, Feb 7- Oil prices steadied on Tuesday as lower production by OPEC and other exporters balanced growing evidence of a revival in U.S. shale production and sluggish demand. "The general perception is that OPEC is cutting production, which is supporting prices, but high stock levels, rising rig counts and growing U.S....

  • Jefferies Equities Analyst Jason Gammel reacts to BP’s latest earnings and its performance going forward in light of the fluctuating oil price.

  • *OPEC- led production cut is main support for prices. LONDON, Feb 7- Oil prices steadied on Tuesday as lower production by OPEC and other exporters balanced growing evidence of a revival in U.S. shale production and sluggish demand. "The general perception is that OPEC is cutting production, which is supporting prices, but high stock levels, rising rig counts and...

  • *OPEC cuts to have limited impact on BP in Abu Dhabi. LONDON, Feb 7- BP missed quarterly profit forecasts as annual earnings fell for a second year after average yearly oil prices hit their lowest in 12 years but said it expected producers' output cuts to keep prices above $50 a barrel this year. The oil major said it expected to be able to balance its books with an oil...