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Energy Commodities Oil

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  • *SocGen expects 2017 oil prices in range of $50- 60 per barrel. West Texas Intermediate crude oil futures were trading at $53.73 per barrel at 0756 GMT, up 43 cents, or 0.81 percent from their last settlement. Into next year, French bank Societe Generale said in its December oil market outlook that the agreement between the Organization of the Petroleum Exporting...

  • *SocGen expects 2017 oil prices in range of $50- 60 per barrel. West Texas Intermediate crude oil futures were trading at $53.56 per barrel at 0634 GMT, up 26 cents from their last settlement. "U.S. oil may rise to $54.37 per barrel, as it has broken resistance at $53.36," said Reuters technical commodities analyst Wang Tao.

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

    Oil prices edged up in tepid trading on Thursday, supported by strong U.S. data, a pause in the U.S. dollar rally.

  • West Texas Intermediate crude oil futures were trading at $53.58 per barrel at 0105 GMT, up 28 cents from their last settlement. Jeffrey Halley, analyst at futures OANDA in Singapore said U.S. crude stocks were expected to fall by 2.563 million barrels. "U.S. oil may rise to $54.37 per barrel, as it has broken resistance at $53.36," said Reuters technical commodities...

  • *Canadian dollar ends at C $1.3367, or 74.81 U.S. cents. *Loonie touches weakest level since Oct. 1 at C $1.3434. TORONTO, Dec 20- The Canadian dollar strengthened against its U.S. counterpart on Tuesday, recovering from a near three-week low earlier, as higher oil prices and stronger-than-expected domestic data offset broader gains for the greenback.

  • Obama Administration: Atlantic, Arctic drilling indefinitely frozen

    President Barrack Obama invokes 1953 law to indefinitely block drilling in Arctic and Atlantic oceans. CNBC's Eamon Javers reports.

  • President Barack Obama looks at Bear Glacier during a boat tour of the Kenai Fjords National Park on September 1, 2015 in Seward, Alaska. Bear Glacier is the largest glacier in Kenai Fjords National Park.

    President Barack Obama used a provision, which Donald Trump cannot easily sweep aside, to block drilling in federal waters.

  • Futures Now, December 21, 2016

    Discussing the state of the markets as we climb toward Dow 20,000 as well the trades in oil and gold with CNBC's Sue Herera and the "Futures Now" traders.

  • *Libya oil fields reopen, adding to supply. NEW YORK, Dec 20- Oil prices rose on Tuesday, touching a one-week high on expectations of a steep draw in U.S. crude stocks, but edged off gains after Libya announced the reopening of pipelines after a two-year blockade ended recently. Benchmark Brent crude futures were up 40 cents, or 0.7 percent, at $55.32 a barrel at...

  • Futures Now: Oil’s doing something only seen twice since 1980

    CNBC's Sue Herera and the "Futures Now" traders discuss the trade in oil and where the commodity can go from here.

  • *Russia may extend output cut if needed- Novak. *Brent to trade at $53- 57 in coming weeks- analyst. LONDON/ NEW YORK, Dec 20- Oil prices rose on Tuesday to a one-week high on expectations of a steep draw in U.S. crude stocks that could indicate the global glut is starting to shrink.

  • *Russia may extend output cut if needed- Novak. *Brent to trade at $53- 57 in coming weeks- analyst. LONDON, Dec 20- Brent oil prices rose by $1 on Tuesday to a one-week high on forecasts of a steep draw in U.S. crude stocks that could indicate global oversupply is starting to shrink.

  • *Loonie touches weakest level since Oct. 1 at C $1.3434. At 9:09 a.m. EST, the Canadian dollar was trading at C $1.3400 to the greenback, or 74.63 U.S. cents, stronger than Monday's close of C $1.3417, or 74.53 U.S. cents. The currency's strongest level of the session was C $1.3396, while it touched its weakest intraday level since Oct. 1 at C $1.3434, pressured by the recent...

  • *Russia may extend output cut if needed- Novak. *Brent to trade at $53- 57 in coming weeks- analyst. A deal to cut global supply among OPEC and non- OPEC producers struck this month has boosted oil prices to 17- month highs.

  • OPEC Vienna Deal bigger thana nyone thought

    James McCullagh, oil products analyst at Energy Aspects, discusses whether or not OPEC countries will adhere to a recent deal to cut supply.

  • SINGAPORE, Dec 20- Oil prices were steady on Tuesday in timid trading ahead of the year-end holidays, with investors beginning to unwind positions without expecting to take up new ones until the start of 2017.. International Brent crude oil futures were trading at $54.88 per barrel at 0821 GMT, down 4 cents from their last close. "I think we can safely say that...

  • SINGAPORE, Dec 20- Oil prices were steady on Tuesday in timid trading ahead of the year-end holidays, with investors beginning to unwind positions without expecting to take up new ones until the start of 2017.. International Brent crude oil futures were trading at $54.98 per barrel at 0759 GMT, down up 6 cents from their last close. "I think we can safely say that...

  • SINGAPORE, Dec 20- Oil prices were steady on Tuesday in timid trading ahead of the year-end holidays, with investors beginning to unwind positions without expecting to take up new ones until the start of 2017.. International Brent crude oil futures were trading at $54.89 per barrel at 0731 GMT, down 3 cents from their last close. "I think we can safely say that...

  • Resources companies were one of the biggest victims when animal spirits were at their worst, could they now be set to gain?

  • It’s time to buy actively managed funds, instead of index funds, as assets that long in lockstep will move to a different drum, BNP Paribas said.