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  • West Texas Intermediate crude futures fell 5 cents to $50.55 a barrel by 0012 GMT after settling 25 cents higher in the previous session. U.S. futures fell nearly 6 percent from the previous quarter, while Brent lost 7 percent as rising inventory levels outpaced output cuts by OPEC and non- OPEC members. Crude oil prices staged a three-day rally last week amid...

  • Kurdish Peshmerga forces advance in the east of Mosul to attack Islamic State militants, October 17, 2016.

    An upgrade in its credit outlook has given war-torn Iraq an unexpected boost on its path to becoming an investment hot spot.

  • BAGHDAD, April 2- Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday in Baghdad. Compliance with the deal agreed by OPEC and non- OPEC producers at the end of last year to cut supply is "encouraging," Barkindo told the forum. Luaibi said he was satisfied...

  • BAGHDAD, April 2- Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday in Baghdad. Compliance with the deal agreed by OPEC and non- OPEC producers at the end of last year to cut supply is "encouraging," Barkindo told the forum. Luaibi said he was satisfied...

  • BAGHDAD, April 2- Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday. Compliance with the deal agreed by OPEC and non- OPEC producers at the end of last year to cut supply is "encouraging," Barkindo told an energy conference in Baghdad.

  • BAGHDAD, April 2- Iraq has given OPEC assurances it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday. Compliance with the deal agreed by OPEC and non- OPEC producers at the end of last year to cut supply is "encouraging," Barkindo told an energy conference in Baghdad.

  • The Week Ahead

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

  • Workers from Select Energy Services at a Hess fracking site near Williston, N.D.

    Some of the best oil companies to consider investing in are based along the Permian Basin, one analyst told CNBC.

  • NEW YORK, March 31- Oil prices fell on Friday after a three-day rally ran out of steam as a higher U.S. rig count signaled rising production from shale, contributing to the global supply glut. Brent futures were down 26 cents at $52.70 a barrel by 2:12 p.m. EDT. U.S. crude futures were up slightly, rising 35 cents to $50.69 a barrel after slipping back below $50.

  • RIO DE JANEIRO/ SAO PAULO, March 31- Brazil is poised to sharply increase oil exports this year as heavy investments spur new output and demand for its lighter crudes win more buyers, especially in China and India. Production is projected to rise 210,000 barrels per day in 2017, second only in the size of additional supply to the United States among non- OPEC...

  • NEW YORK, March 31- Oil prices fell on Friday after a three-day rally ran out of steam, as the U.S. rig count rose, signaling that production from shale is rising further, contributing to the global oil glut. Brent futures were down 31 cents at $52.65 a barrel by 1:07 p.m. EDT. U.S. crude futures were up slightly, rising 5 cents to $50.42 a barrel after slipping back below...

  • An Iraqi soldier holds an Islamic State flag during a battle with Islamic State militants, north of Mosul, Iraq.

    The Islamic State has lost nearly two-thirds of the land it once controlled, leveling a major blow to several critical funding streams.

  • Drillers added 10 oil rigs in the week to March 31, bringing the total count up to 662, the most since September 2015, energy. Since crude prices first topped $50 a barrel in May after recovering from 13- year lows in February 2016, drillers have added a total of 346 oil rigs in 40 of the past 44 weeks, the biggest recovery in rigs since a global oil glut crushed the market...

  • Natural gas is flared at a Pioneer Natural Resources well in Texas.

    TipRanks identified the top analysts covering the commodity sector and their top picks right now.

  • NEW YORK, March 31- Oil prices fell on Friday after a three-day rally ran out of steam, as investors waited for U.S. rig count data that could provide further evidence that U.S. production is continuing to grow, contributing to a global oil glut. Brent futures were down 38 cents at $52.58 a barrel by 11:14 a.m. EST. U.S. crude futures were down 15 cents at $50.20 a barrel...

  • LONDON, March 31- Oil prices fell on Friday after a three-day rally ran out of steam, promising to notch up the oil market's worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC- led production cuts. Brent futures were down 34 cents at $52.62 a barrel at 1322 GMT. U.S. crude futures were down 19 cents at $50.16 a barrel...

  • LONDON, March 31- Oil prices fell on Friday after a three-day rally ran out of steam due to a stronger dollar, promising to notch up the oil market's worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC- led cuts. Brent futures were down 53 cents at $52.43 a barrel at 1023 GMT. U.S. crude futures were down 36 cents at...

  • Oil workers

    Oil prices are not capped around $55 but rather are on track to hit $70 per barrel this year, says famed oil investor Pierre Andurand.

  • LONDON, March 31- Oil prices fell on Friday after a three-day rally ran out of steam, promising to notch up the oil market's worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC- led cuts. On Friday, Brent futures were down 32 cents at $52.64 a barrel at 0836 GMT. U.S. crude futures were down 20 cents, at $50.15 a barrel.

  • SINGAPORE, March 31- Oil prices fell on Friday as traders took profits following three days of straight gains on the expectation that an OPEC- led crude supply cut that was initially supposed to only last for the first half of the year would be extended. Traders said there was a growing sense that the Organization of the Petroleum Exporting Countries and non- OPEC...