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Energy Commodities Oil

  • Traders work on the floor of the New York Stock Exchange.

    Jim Cramer looks ahead at next week's stocks and events, which he says could decide the direction of the market.

  • The Week Ahead

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

  • *OPEC supply high despite output cut pledge. NEW YORK, June 16- Oil prices on Friday bounced up off the year's lows as some producers reduced exports and U.S. rig additions slowed, but the rebound was modest and crude posted its fourth weekly decline on persistent concerns about global oversupply. They are down more than 12 percent from late May when producers led by...

  • Commodities tomorrow:

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

  • Crude oil's losing streak

    CNBC's Jackie DeAngelis reports on a drop in crude oil from the commodities desk.

  • June 16- U.S. energy firms added oil rigs for a record 22nd week in a row in a year-long drilling recovery but the pace of those additions has slowed in recent months as crude prices dropped to 2017 lows despite OPEC- led efforts to end a global supply glut. After agreeing in December to cut production by around 1.8 million barrels per day from January to June, OPEC and...

  • Nomac Drilling Corp. floorman Matthew Brown, right, steadies a section of drill pipe as floorman Richard Lane cleans the connection during natural gas drilling operations for Chesapeake Energy Corp. in Bradford County, Pennsylvania

    Oil and gasoline prices should be rising, but they have fallen over the last two weeks, N.Y. Times reports.

  • *Despite pledge, OPEC, Russia oil supply is high. *Kazakhstan will adhere to cuts. NEW YORK, June 16- Oil prices edged up on Friday from 2017 lows as some producers cut back on exports, but the market was poised for a fourth week of losses as OPEC- led production cuts failed to allay concerns over global oversupply.

  • *Despite pledge, OPEC and Russian oil supplies remain high. LONDON, June 16- Oil prices edged up from 2017 lows on Friday but remained on track for a fourth consecutive week of losses because of excess supplies, despite OPEC- led production cuts. It is by no means bullish, "said Tamas Varga, analyst at brokerage PVM Oil Associates.

  • MOSCOW, June 16- The Russian central bank is keeping its oil price forecast at $50 per barrel this year and still believes it will go down to $40 in 2018-2019, the bank's governor, Elvira Nabiullina, said on Friday. She also told a news briefing that Russia's economic recovery exceeded expectations. The central bank cut its key interest rate by 25 basis points on...

  • *Despite pledge, OPEC and Russian oil supplies remain high. LONDON, June 16- Oil prices edged up from 2017 lows on Friday but remained on track for a fourth consecutive week of losses because of excess supplies despite OPEC- led production cuts. It is by no means bullish, "said Tamas Varga, analyst at brokerage PVM Oil Associates.

  • *Despite pledge, OPEC and Russian oil supplies remain high. LONDON, June 16- Oil prices edged up from 2017 lows on Friday but an ongoing supply excess put them on track for their fourth consecutive week of losses despite OPEC- led production cuts to support the crude market. Rising U.S. oil output has undermined the impact of OPEC- led cuts.

  • People looked at 'OPEC with the rosiest of rose-colored glasses'

    Warren Gilman, CEF Holdings, the low-$40s to mid-$40s range is the "right place" for oil to be due to the increasing levels of production.

  • *Iran gas deal that India wanted likely goes to Russia. NEW DELHI, June 15- India's oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian companies. India, Iran's top oil client after China, shipped in 487,600 barrels per day in May, about 9 percent less...

  • *Crude being stored in old tankers around Singapore, Malaysia. SINGAPORE, June 16- Traders are increasingly storing oil in aging supertankers in Southeast Asia as they grapple with a supply overhang that has left the system clogged with unneeded fuel despite an OPEC- led drive to cut production to prop up prices. These vessels are in addition to around 30...

  • *Crude being stored in old tankers around Singapore, Malaysia. SINGAPORE, June 16- Traders are increasingly storing oil in ageing supertankers in Southeast Asia as they grapple with a supply overhang that has left the system clogged with unneeded fuel despite an OPEC- led drive to cut production to prop up prices. These vessels are in addition to around 30...

  • A truck drives past pump jacks north of Ufa, Bashkortostan, Russia.

    Oil prices edged up from 2017 lows on Friday but an ongoing supply excess put them on track for their 4th week of losses.

  • LONDON, June 15- Some U.S. shale producers claim they can produce oil profitably with prices well below $50 per barrel or even $45 per barrel; the oil market is likely to put those claims to the test. As a result, U.S. shale producers together with other non- OPEC suppliers are expected to capture all of the increase in global oil demand in 2018 and raise their share of the...

  • Jim Cramer on the set of Mad Money.

    Jim Cramer knows the word "tech" has rattled the Street lately, but thinks one stock could offer a safe haven when the tides change.

  • Cramer Remix: The No. 1 stock to own when the market sentiment changes

    Jim Cramer knows the word "tech" has rattled the Street lately, but thinks one stock could offer a safe haven when the tides change.