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  • A customer prepares to pump gasoline at an Arco gas station in Mill Valley, Calif.

    Weak demand within the energy complex could bubble up to the crude oil market, analysts say.

  • Saudi Deputy Crown Prince Mohammed bin Salman.

    RBC Capital Markets Global Head of Commodity Strategy Helima Croft discusses the price impact of the OPEC production cut and whether the cartel will extend it beyond the original end date.

  • LONDON, April 24- Hedge funds have tempered their bullishness towards crude oil as the short-covering rally that gripped the market since the end of March ran its course. Hedge funds and other money managers increased their net long position in the three major futures and options contracts linked to Brent and WTI by 8 million barrels in the week to April 18.

  • Cheap gas prices

    Industry analyst Trilby Lundberg of the Lundberg Survey said consumers could see price increases slow as crude oil costs drop.

  • Michael Bloomberg speaks to the media outside the West Wing of the White House after meeting with Vice President Joe Biden, February 27, 2013

    New York billionaire Michael Bloomberg urged world leaders not to follow President Donald Trump's lead on climate change.

  • *OPEC looks set to extend output cuts through 2017. SINGAPORE, April 24- Oil prices recovered lost ground on Monday following big losses last week, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. "WTI oil slipped back below the $50 per barrel level, amid concerns that the...

  • *OPEC looks set to extend output cuts through 2017. SINGAPORE, April 24- Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. "WTI oil slipped back below the $50 per barrel level, amid concerns that the...

  • Vessels pass an oil refinery in the waters off the southern coast of Singapore.

    Oil gave up gains on Monday as a rise in U.S. drilling countered expectations that OPEC will extend output cuts until the end of 2017.

  • *OPEC looks set to extend output cuts through 2017. SINGAPORE, April 24- Oil prices recovered some ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. "WTI oil slipped back below the $50 per barrel level, amid concerns that...

  • *OPEC looks set to extend output cuts through 2017. SINGAPORE, April 24- Oil prices recovered some ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. "WTI oil slipped back below the $50 per barrel level, amid concerns that...

  • *Russian energy minister won't say whether to join new OPEC cuts. NEW YORK, April 21- Oil prices tumbled more than 2 percent on Friday, notching the biggest weekly decline in more than a month on mounting evidence that U.S. production and inventory growth were offsetting OPEC's attempts to reduce the global crude glut. Brent futures settled at $51.96 a barrel, down...

  • *U.S. crude dips below $50 a barrel for first time since April 4. U.S. crude futures fell below $50 a barrel for the first time in more than two weeks on renewed fears that increasing U.S. production will thwart OPEC's attempts to reduce the global oil glut. "After Brexit everyone has to be concerned," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham,...

  • The Week Ahead

    CNBC's Dom Chu looks ahead to what are likely to be next week's top business and financial stories.

  • Commodities tomorrow:

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

  • Trading Nation: Five-month low for energy

    David Seaburg, Cowen & Co. and Larry McDonald, ACG Analytics, discuss the moves in oil and the XLE Energy ETF with Brian Sullivan.

  • Drillers added five oil rigs in the week to April 21, bringing the total count up to 688, the most since April 2015,. RIG-OL-USA- BHI> That is more than double the same week a year ago when there were only 343 active oil rigs. U.S. crude futures dropped below $50 a barrel on.

  • CRUDE FALLS BELOW $50 A BARREL FOR THE FIRST TIME IN MORE THAN TWO WEEKS.

  • An oil rigger at a Schlumberger field prepares pipes in Midland, Texas.

    The world's No.1 oilfield services provider, Schlumberger NV, said on Friday its revenue rose for the quarter.

  • SINGAPORE, April 21- Oil edged up on Friday but was still set for the biggest weekly drop in a month over doubts that an OPEC- led production cut will restore balance to a market dogged by oversupply. Front-month Brent crude futures were at $53.07 per barrel at 0642 GMT, up 8 cents from their last close, but on course for a 5 percent weekly drop, the most since the week of...

  • *Oil supplies remain plentiful despite OPEC- led cut. SINGAPORE/ LONDON, April 21- The jury is still out over whether an OPEC- led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled higher prices without making much of a dent in the global fuel supply overhang. Over two years into a 50 percent price slump, the...