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Energy Commodities Oil

  • *Some U.S. shale producers can profit with oil below $40. NEW YORK, June 22- Oil rose on Thursday, a day after sliding to 10- month lows, but market sentiment remained negative due to ongoing pressure from a persistent supply glut despite OPEC- led efforts to balance the market. Brent crude futures were up 70 cents at $45.52 a barrel at 11:58 a.m. ET, after falling as low...

  • Mohammed bin Salman of Saudi Arabia

    Oil prices have further to fall, says John Kilduff. But traders should watch the geopolitical situation carefully.

  • NEW YORK, June 22- Yields on short-dated U.S. The yield curve between five-year notes and 30- year bonds briefly flattened to 94.9 basis points, the narrowest since December 2007, as 30- year Treasury yields hit more than a seven-month low of 2.713 percent. Data last week showed the so-called core Consumer Price Index posted its smallest rise since May 2015.

  • Natural gas inventories up 61B cubic feet

    CNBC's Jackie DeAngelis reports the latest natural gas inventories from the EIA.

  • LONDON, June 22- Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has persisted despite OPEC- led efforts to balance the market. Brent crude futures were up 60 cents at $45.42 a barrel at 1407 GMT, after falling as low as $44.53. U.S. crude futures were up 40 cents at $42.93 a barrel, after also slipping.

  • LONDON, June 22- Oil traders have become increasingly doubtful that OPEC will manage to cut crude stocks down to the five-year average in 2018 and keep them there. Calendar spreads for Brent futures throughout the rest of 2017 and 2018 have weakened significantly since OPEC agreed to roll over its production allocations at the end of May. Calendar spreads are...

  • XLE gains as crude drops

    Crude has dropped over twenty percent this year. After a move of that magnitude, the oil stocks tend to rebound, with the XLE gaining six point five percent.

  • *Canadian dollar at C $1.3260, or 75.41 U.S. cents. TORONTO, June 22- The Canadian dollar strengthened on Thursday against its U.S. counterpart, boosted sales data, while the country's largest alternative lender got a. "The solid run of Canadian data continues," Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets, said in a research note.

  • LONDON, June 22- Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has persisted despite OPEC- led efforts to balance the market. Brent crude futures were up 43 cents at $45.25 a barrel at 1229 GMT, after falling as low as $44.53 earlier in the day. U.S. crude futures were up 30 cents at $42.83 a barrel, after also...

  • A worker walks at Nahr Bin Umar oil field, north of Basra, Iraq.

    The OPEC-led output cut deal extended last month until February 2018 is unlikely to survive beyond that, says Macquarie's oil research head.

  • A large digital ticker shows financial information outside the entrance to the Tel Aviv Stock Exchange (TASE) in Tel Aviv, Israel on August 4, 2016.

    The Tel Aviv Stock Exchange is about to see its largest IPO ever with the sale of part of the Tamar natural gas field by Delek Drilling.

  • *U.S. crude futures were up 0.4 percent at $42.70 per barrel. Global benchmark Brent traded at around $45.24. *Since peaking in late February, crude has dropped around 20 percent, skidding into bear market territory, despite OPEC- led efforts to balance the market.

  • pumpjack, oil

    CNBC's Jackie DeAngelis reports faltering crude prices could put high yield energy credit spreads at risk.

  • LONDON, June 22- Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has persisted despite OPEC- led efforts to balance the market. Brent crude futures were up 40 cents at $45.22 a barrel at 1017 GMT, after falling as low as $44.53 earlier in the day. U.S. crude futures were up 29 cents at $42.82 a barrel, after also...

  • Expect a more robust and ambitious Saudi Arabia: Chatham House

    Sanam Vakil, associate fellow for the Middle East and North Africa Program at Chatham House, speaks about the wider implications of the new Saudi Arabian line of secession.

  • Total downstream one of the best in the business: Macquarie

    Ian Reid, head of European oil and gas research at Macquarie, speaks about the success of Total as well as the oil majors he views less favorably.

  • LONDON, June 22- Oil slid back towards multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite OPEC- led efforts to balance the market. Brent crude futures were down 15 cents at $44.67 a barrel at 0850 GMT, after spending much of the Asian trading day in positive territory.

  • OPEC efforts to boost oil price a zero sum game: Macquarie

    Ian Reid, head of European oil and gas research at Macquarie, discusses the strategy of OPEC and non-OPEC producers to boost the price of oil.

  • TOKYO, June 22- Oil turned lower on Thursday after posting gains earlier in the session as traders look ready to test new lows for crude prices with worries persisting over a global glut. Brent crude futures were down 15 cents at $44.67 a barrel at 0715 GMT, after spending much of the Asian trading day in positive territory. Since peaking in late February, crude has...

  • TOKYO, June 22- Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC- led output cuts would be able to rein in a three-year glut continued to drag. Since peaking in late February, crude has dropped around 20 percent, with only brief rallies, completely erasing gains at the end of the year in the wake of the initial OPEC-...