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  • Brent crude also lost the most in a session since February as the global benchmark and U.S. crude futures broke key technical support they had defended for nearly two weeks since a selloff on Britain's shock vote to exit the European Union. "Once we got past those levels, it was just longs liquidation all the way," said Tariq Zahir, a trader in crude spreads at New...

  • Santelli: Love money will find a way

    Discussing the current state of the markets and the drop in oil prices with Larry Glazer, Mayflower Advisors Managing Partner & Portfolio Manager; Ben Willis, Princeton Securities Group Managing Director; and CNBC's Rick Santelli.

  • Crude inventories hit record levels

    Big drop in oil today. CNBC's Jackie DeAngelis reports.

  • NEW YORK, July 7- Oil prices fell 5 percent to two-month lows on Thursday after the U.S. government reported a weekly crude draw within analysts' forecasts, disappointing market bulls who had expected larger declines. Brent crude futures were down $2.36, or 4.8 percent, at $46.44 per barrel by 1:10 p.m. EDT. The Energy Information Administration said crude...

  • GASOLINE FUTURES DOWN 5 PCT TO 4- MONTH LOW; EXTENDING LOSSES WITH CRUDE OIL FUTURES.

  • OIL PRICES EXTEND LOSSES; U.S., BRENT CRUDE DOWN BY MORE THAN $2 A BARREL EACH.

  • *June ADP employment number rises to 172,000 vs est 159,000. July 7- The S&P 500 and the Dow fluctuated between small gains and losses, while the Nasdaq pared some gains on Thursday, as the impact of strong labor market data was offset by a drop in oil prices. "Investors are marking their time ahead of the jobs data," said Terry Sandven, chief equities strategist at U.S.

  • data@ SAO PAULO, July 7- Most Latin American currencies slipped on Thursday as a drop in oil prices led investors toward safer assets ahead of key U.S. jobs data the next day. That was enough to cap a tentative rebound in demand for emerging market assets following two weeks of volatility stemming from Britain's decision to leave the European Union.

  • The Energy Information Administration said crude stockpiles fell 2.2 million barrels for the week ended July 1, drawing for a seventh week in a row. "Expectations were high for this report, and they were dashed," said John Kilduff, partner at New York energy hedge fund Again Capital. Brent crude futures were down $1.35, or 2.8 percent, at $47.45 per barrel by...

  • July 7- U.S. crude oil inventories fell for a seventh consecutive week, within analysts forecasts but far less than market expectations amid a drop in refinery runs and higher imports, while gasoline stocks also fell less than expected, the U.S. Energy Information Administration said on Thursday. Crude futures, however, had risen after the American Petroleum...

  • OIL PRICES EXTEND LOSSES; U.S., BRENT CRUDE DOWN BY $1 A BARREL EACH AFTER EIA DATA.

  • NEW YORK, July 7- Oil prices turned negative on Thursday after the U.S. government reported a weekly crude draw that was within analysts' forecasts, disappointing the bulls in the market who had expected larger declines. Brent crude futures were down 70 cents, or 1.4 percent, at $48.10 per barrel by 11:04 a.m. EDT. The Energy Information Administration said crude...

  • NEW YORK, July 7- Oil prices rose about 1 percent on Thursday on bets for a strong weekly decline in U.S. crude inventories, but traders cautioned of a glut in refined oil products that could weigh again on the market. The U.S. government's Energy Information Administration will issue its weekly oil supply-demand data at 11:00 a.m. EDT. The American Petroleum...

  • LONDON, July 7- Oil prices rose for a second straight day on Thursday, drawing support from declines in U.S. crude oil inventories and a weaker U.S. dollar, but a glut of refined products and economic growth concerns continued to loom over the market. Brent crude oil futures were trading at $49.30 per barrel at 1208 GMT on Thursday, 50 cents above their last settlement...

  • 'Wiping out' oil headwinds

    Helima Croft, RBC Capital Markets, discusses the demand and production picture for oil.

  • LONDON, July 7- Oil prices edged higher on Thursday for a second day, supported by a report of another fall in U.S. crude oil inventories and a weaker U.S. dollar, although a glut of refined products and economic growth concerns continued to loom over the market. Brent crude oil futures were trading at $49.50 per barrel at 0857 GMT on Thursday, 70 cents above their last...

  • SINGAPORE, July 7- Oil prices edged up on Thursday, supported by a report of another fall in U.S. crude inventories as well as a weaker dollar, although a glut of refined products and economic growth concerns continue to drag on markets. International Brent crude oil futures were trading at $48.96 per barrel at 0712 GMT on Thursday, down from a morning high of $49.17...

  • Oil Production

    Credit Suisse's David Hewitt explains how various Brexit scenarios might impact oil demand.

  • Oil Central Asia

    Skyland Petroleum's David Robson talks to CNBC about the developments of the firm's Georgia gas project and Tajikistan operations.