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  • *OPEC sources say group leaning towards extending cuts. NEW YORK, March 21- Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June. Brent futures for May delivery fell 66 cents, or 1.3 percent, to settle at $50.96 a barrel,...

  • CARACAS, March 21- Venezuelan state oil company PDVSA will honor some $17 billion in bond payments due this year thanks to stronger oil prices, Economy Vice President Ramon Lobo said in a newspaper interview published on Tuesday. Cash-squeezed Venezuela depends on oil for over 90 percent of its hard-currency revenues, so market fears have grown over its...

  • *OPEC sources say group leaning towards extending cuts. LONDON, March 21- Oil prices edged higher on Tuesday, helped by expectations that OPEC- led output cuts would be extended beyond June, though gains were capped by persistently high crude inventories. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed to curb...

  • LONDON, March 21- Oil prices rose on Tuesday, helped by expectations that an OPEC- led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed to curb production from Jan. 1 by 1.8 million barrels per day for...

  • LONDON, March 21- Oil prices climbed on Tuesday, helped by expectations that an OPEC- led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed to cut production from Jan. 1 by 1.8 million barrels per day...

  • *OPEC- led production cut was planned only for H1 2017. SINGAPORE, March 21- Oil prices rose on Tuesday on expectations that an OPEC- led production cut to prop up the market could be extended, while strong demand would also work to slowly erode a global fuel supply overhang. To halt the decline, OPEC members increasingly favor extending the pact beyond June to balance...

  • *OPEC- led production cut was planned only for H1 2017. SINGAPORE, March 21- Oil prices rose on Tuesday on expectations that an OPEC- led production cut to prop up the market could be extended, while strong demand would also work to slowly erode a global fuel supply overhang. To halt the decline, OPEC members increasingly favor extending the pact beyond June to balance...

  • People work at the Halfaya oilfield in Amara, southeast of Baghdad, Iraq.

    U.S. crude fell close to its lowest in a week as the market discounted the latest talk by OPEC that it would extend output cuts beyond June.

  • *OPEC- led production cut was planned only for H1 2017. SINGAPORE, March 21- Oil prices rose early on Tuesday on expectations that an OPEC- led production cut to prop up the market could be extended, and as strong demand was seen to slowly erode a global fuel supply overhang. To halt the decline, OPEC members increasingly favour extending the pact beyond June to balance...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • *Canadian dollar settles at C $1.3354, or 74.88 U.S. cents. TORONTO, March 20- The Canadian dollar weakened slightly against its U.S. counterpart on Monday as lower oil prices offset strong trade data and investors weighed the G20's decision to avoid endorsing open trade. The Canadian dollar settled at C $1.3354 to the.

  • *OPEC leans towards cut extension but need non-members- sources. *Oil surges on talk of support from OPEC, but gains fleeting. NEW YORK, March 20- Oil prices slipped on Monday, despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing U.S. oil output and high inventories.

  • *OPEC leans towards cut extension but need non-members- sources. *Oil surges on talk of support from OPEC, but gains fleeting. NEW YORK, March 20- Oil prices slipped on Monday despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing U.S. oil output and high inventories.

  • Transocean rig, Gulf of Mexico

    Shares of Transocean fell more after Borr Drilling announced it will acquire 15 of Transocean's rigs in a deal valued at $1.35 billion.

  • The Eagle Ford crude oil tanker sails out of the NuStar Energy dock at the Port of Corpus Christi in Texas.

    Here's why oil prices will continue to fall, at least in the short-term, says Andy Lipow.

  • OIL PRICES PARE LOSSES, BRENT CRUDE TURNS POSITIVE AFTER REUTERS REPORTS OPEC SUPPORT INCREASES FOR EXTENDING OIL SUPPLY CUT INTO H2, BUT NON-OPEC PARTICIPATION NEEDED.

  • *Libya's NOC says confident will regain control of oil ports. LONDON, March 20- Oil fell on Monday as investors continued to unwind bets on higher prices after record cuts last week because of concerns that growing U.S. oil output could hamper an OPEC- led deal on production reductions. Oil futures have retreated in the past two weeks as a supply overhang driven by...

  • *Canadian dollar at C $1.3349, or 74.91 U.S. cents. TORONTO, March 20- The Canadian dollar weakened on Monday against its U.S. counterpart as lower oil prices offset strong domestic wholesale trade data, while investors weighed the G20's decision to drop a pledge to resist trade protectionism. Prices of oil, one of Canada's major exports, fell on concerns that...

  • LONDON, March 20- Oil fell around 1 percent on Monday as investors continued to unwind bets on higher prices after record cuts last week because of concerns that growing U.S. oil output could hamper an OPEC- led production cut deal. We've got record selling in the week ending March 14 and the bleeding has not stopped yet, "said Carsten Fritsch, senior commodities...

  • Bear

    OPEC and oil producers should focus on being a competitive, flexible and reliable suppliers. Further cuts will only weaken their position.