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  • Hughes@ May 20- U.S. energy firms this week kept the number of rigs drilling for oil unchanged for the first time this year as crude futures trade near a seven-month high, indicating that a near two-year slump in the rig count could be ending as forecast by several analysts. Drillers kept the number of rigs RIG-OL-USA- BHI> at 318 in the week to May 20, holding at the...

  • A floor hand for Raven Drilling, pauses while drilling for oil in the Bakken shale formation outside Watford City, N.D.

    Oil prices of $50 a barrel won't send a rush of capital into U.S. drillers, Tom Ward said.

  • US oil rig counts unchanged at 318

    CNBC's Brian Sullivan reports the number of oil rigs online remains at 318 from a week ago.

  • Drillers kept the number of rigs at 318 in the week to May 20, holding at the lowest level since October 2009, Baker Hughes said in its closely followed report. RIG-OL-USA- BHI> Prior to this week, drillers added only one rig so far this year during the week of March 18. But with U.S. crude futures settling over $48 a barrel much of the week on production worries in Nigeria...

  • Nigerian soldiers patrol in the southeast part of the country on May 25, 2015.

    A group called the Niger Delta Avengers has claimed responsibility for attacks on oil infrastructure that have sent Nigeria's crude output plummeting.

  • Global benchmark Brent crude prices traded down 2 cents at $48.79 a barrel by 11:28 a.m. ET, while U.S. crude fell 2 cents to $48.14 per barrel. Oil was still headed for their second straight week of gains, boosted by growing supply disruptions in oil producing countries like Nigeria, Canada and Libya. "The overall market sentiment remains biased to the upside as a...

  • Tapstone Energy CEO on U.S. oil production

    Tapstone Energy Chairman and CEO Tom Ward talks about the outlook for oil prices and how the issue is the access to capital.

  • LONDON, May 20- Oil prices slipped on Friday as a strong dollar and recent gains incentivised investors to cash in, while focus shifted again to swelling global inventories that have cushioned the impact from unplanned supply outages. Global benchmark Brent crude prices traded down 30 cents at $48.51 a barrel at 1404 GMT. Investors have probably shifted focus, "...

  • The economic pressure on Saudi Arabia showed little sign of relief this week, despite the country delivering its bold new vision.

  • Global benchmark Brent crude prices traded down 23 cents at $48.58 a barrel at 1143 GMT. Investors have probably shifted focus, "said Hans van Cleef, senior energy economist at ABN AMRO in Amsterdam. Oil prices had been supported in recent days by growing supply disruptions in oil producing countried like Nigeria, Canada and Libya.

  • Oil prices get a lift amid tightening supplies

    Three major factors are helping WTI and Brent crude trade higher on Friday.

  • NYSE Traders

    In the long run it is earnings that drive stock prices higher, says Ed Keon, QMA. The market has been in an earnings recession prompted by the U.S. dollar and oil headwinds but expect to see growth in the second half of the year, says Keon.

  • SINGAPORE, May 20- Oil prices rose on Friday as turmoil in Nigeria, shale bankruptcies in the United States and a crisis in Venezuela all contributed to tightening supplies. International Brent crude futures were trading at $49.02 per barrel at 0653 GMT, up 21 cents or 0.43 percent from their last settlement. ANZ bank said that unexpected supply disruptions...

  • Oil

    Oil Search and InterOil will be able to consolidate partners of potential development projects in the future, says Tim Schroeders from Pengana Capital.

  • Pipeline and crude storage tanks in Cushing Oklahoma.

    US oil fell as high inventories limited the upside of a series of supply outages in Nigeria, Canada and Libya, but posted a weekly gain.

  • SINGAPORE, May 20- Oil prices rose in early trading on Friday as turmoil in Nigeria, shale bankruptcies in the United States and crisis in Venezuela all contributed to tightening supplies. ANZ bank said that unexpected supply disruptions across the world, excluding output falls in the United States, amounted to around 2.5 million barrels of daily production,...

  • An employee holds a control panel as barrels are filled with lubricant oil ahead of shipping at Royal Dutch Shell lubricants blending plant in Torzhok, Russia.

    Oversupply may have sent oil prices lower, but in five years there won't be enough oil to meet demand, John Hofmeister says.

  • Commodities tomorrow:

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

  • NEW YORK, May 19- Oil prices settled largely unchanged on Thursday as worries about Canadian and Nigerian supply outages offset the impact of a stronger dollar, which has rallied on growing expectations the Federal Reserve will raise interest rates next month. But Brent and WTI closed sharply off the session lows due to crude export problems facing Canada's...

  • *Syn for June last traded $3.20/ bbl over WTI. The Syncrude project in northern Alberta extended its force majeure on Thursday, trading sources said, as a raging wildfire in Alberta has reduced output capacity from the vast oil sands Despite the extended outage, Alberta officials said on Thursday, the oil sands facilities should face no further threat and that...