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Energy Commodities Oil

  • A floorhand works on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    Jim Cramer says oil prices bottoming could have an effect on investors' stock picks.

  • *OPEC sec-gen's comments point to an extension of global cut. NEW YORK, April 27- Crude prices were slightly lower after a volatile session on Thursday, as the restart of two key Libyan oilfields and concerns about lackluster gasoline demand fed concern over whether major oil producers can alleviate the glut of global inventories. Brent crude settled down 14...

  • Commodities tomorrow:

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

  • Two oil workers working on drilling rig

    The International Energy Agency has warned that insufficient investment could lead to a tightening of global oil supplies.

  • *Two key Libya oilfields restart, sources tell Reuters. *OPEC sec-gen's comments point to an extension of global cut. New York, April 27- Crude prices fell more than 1 percent on Thursday as the restart of two key oilfields in Libya pumped more crude into an already bloated market.

  • Futures Now: Crude oil gets crushed

    The "Futures Now" team discusses the move in crude oil with Jackie DeAngelis.

  • Losses for Benchmark crude oil are accelerating

    U.S. cruse oil prices broke below $49 a barrel on Thursday, accelerating its losing streak.

  • *Two key Libya oilfields restart, sources tell Reuters. *OPEC expected to extend production cuts. LONDON, April 27- Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market.

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

    Gasoline prices further deteriorated and the dollar spiked following the European Central Bank's latest interest rate decision.

  • *OPEC expected to extend production cuts. LONDON, April 27- Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market. Benchmark Brent crude fell $1.14 a barrel to a low of $50.68 before recovering slightly to trade around $50.85 by 1220 GMT.

  • LONDON, April 27- U.S. refineries processed a record volume of crude last week, making a small dent in the countrys bloated crude stocks but resulting in a big build-up of refined product inventories. U.S. refineries have ramped up crude processing by 1 million barrels per day over the last four weeks and 2 million bpd over the last nine weeks, according to the U.S....

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • SINGAPORE, April 27- Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. West Texas Intermediate crude oil futures were trading at $49.37 per barrel at 0644 GMT, down 25 cents, or 0.5 percent from their last close. Traders said the falls in...

  • Will OPEC extend output cuts?

    There's a perception that oil markets are flooded due to non-OPEC output but fundamentals show demand will remain strong, says Richard Gorry, JBC Energy Asia.

  • West Texas Intermediate crude oil futures were trading at $49.37 per barrel at 0420 GMT, down 25 cents, or 0.5 percent from their last close. Traders said the falls in recent weeks were due to a realisation that global oil markets remained oversupplied, despite efforts led by the Organization of the Petroleum Exporting Countries and Russia to cut output by 1.8...

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices fell, but losses were limited by expectations that exporters would agree to extend production cuts.

  • West Texas Intermediate crude oil futures were trading at $49.34 per barrel at 0137 GMT, down 28 cents, or 0.56 percent from their last close. Traders said that the falls in recent weeks were a result of a realisation that global oil markets remained oversupplied, despite efforts led by the Organization of the Petroleum Exporting Countries and Russia to cut...