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  • The storm's potential in Florida to disrupt gasoline supply is prompting many to find gas stations are out of fuel.

  • WTI CRUDE OIL FUTURES RISE ABOVE $50 A BARREL, FIRST TIME SINCE LATE JUNE.

  • *Algerian oil minister says OPEC could cut more. Brent crude futures were virtually unchanged at $51.85 per barrel at 1120 GMT, after hitting a high of $52.09 the previous day. "Optimism on the OPEC deal and surprising storage declines pushed oil prices to the upper end of the recent trading range.

  • Oil won't go above $66, not even in 2019: Analyst

    There is a short-term floor on oil prices but rebalancing in oil is likely only in 2019, says Johannes Benigni, chairman of JBC Energy Group.

  • Trump could be better for markets long term: Analyst

    Jimmy Lee, CEO of Wealth Consulting Group, weighs in on his preferred stocks and how the upcoming U.S. presidential election could affect markets.

  • Probability of OPEC deal still 50/50: Analyst

    Amrita Sen, chief oil analyst at Energy Aspects, says that oil producing nations must come up with co-ordinated action.

  • LONDON, Oct 6- Oil prices were steady on Thursday, underpinned by a surprisingly large drop in U.S. inventory levels the previous day to stay within sight of this year's highs hit in June. Brent crude futures were unchanged at $51.86 per barrel at 0913 GMT, after hitting a high of $52.09 the previous day. "Optimism on the OPEC deal and surprising storage declines...

  • An Iraqi labourer works at an oil refinery in the southern town Nasiriyah.

    Iran used to be the "black sheep" of major oil producer group OPEC but now Iraq is increasingly looking like the potential dissenter in the group.

  • *But shale drillers could bring back output at WTI $50 per barrel. SINGAPORE, Oct 6- Oil futures dipped on Thursday after Saudi Arabia trimmed the price of its flagship physical crude to Asia, but were still near more than three-month highs following a drop in U.S. crude inventories. Traders said Thursday's fall reflected weaker physical crude after top exporter...

  • SINGAPORE, Oct 6- Oil futures dipped on Thursday after Saudi Arabia trimmed the price of its flagship crude to Asia, but were still near more than three-month highs following a drop in U.S. crude inventories. West Texas Intermediate crude futures were trading at $49.55 per barrel at 0544 GMT, down 28 cents or 0.6 percent from their last settlement.

  • Will OPEC deal help oil prices rise?

    Valentijn van Nieuwenhuijzen, head of strategy, multi-asset, at NN Investment Partners, says he's not convinced oil prices will stabilize.

  • Teapot refineries in China are having a moment

    Bruce Wu, vice GM at Pacific Commerce, talks about independent oil refineries in China and the competitive advantages of being small in the energy industry.

  • SINGAPORE, Oct 6- Oil prices eased on Thursday but remained near June highs reached the previous session when they were buoyed by a fall in U.S. crude inventories. West Texas Intermediate crude oil futures were trading at $49.54 per barrel at 0136 GMT, down 29 cents or 0.6 percent from their last settlement. Both contracts hit their highest levels since June on...

  • Oil

    Oil prices hit new highs going back to June after a surprisingly large drop in U.S. inventory levels provided support.

  • SINGAPORE, Oct 6- Oil prices dipped on Thursday but remained near June highs reached the previous session when they were buoyed by a fall in U.S. crude inventories. West Texas Intermediate crude oil futures were trading at $49.63 per barrel at 0051 GMT, down 20 cents from their last settlement. Both contracts hit their highest levels since June on Wednesday after...

  • SAO PAULO, Oct 5- Latin American stocks rose on Wednesday after a surprising weekly drawdown in U.S. crude stocks drove oil prices to their highest since June. The U.S. Energy Information Administration said crude stockpiles fell nearly 3 million barrels for the week ended Sept. 30, marking a fifth straight weekly drop. Shares of state-controlled oil company...