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Energy Commodities Oil

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  • *Barclays cuts 2016 Brent forecast by $5 to $63. The European Central Bank said on Thursday that economic troubles in China and emerging markets could drag the 19- member euro zone into deflation in the coming months. "There is still a supply-demand imbalance and on top of that is the overhang in the market," said Abhishek Deshpande, oil analyst at Natixis in London.

  • "There's been a little bit of up and down and range-bound movement, which has all the hallmarks of a market marking time," said Ben Le Brun, market analyst at Sydney's OptionsXpress. Brent crude for October delivery fell 58 cents to $50.10 a barrel as of 0519 GMT, after ending the previous session 18 cents higher. U.S. crude for October delivery, also known as West Texas...

  • "There's been a little bit of up and down and range-bound movement, which has all the hallmarks of a market marking time," said Ben Le Brun, market analyst at Sydney's OptionsXpress. Brent crude for October delivery fell 22 cents to $50.46 a barrel as of 0357 GMT, after ending the previous session 18 cents higher. U.S. crude for October delivery, also known as West Texas...

  • "There's been a little bit of up and down and range-bound movement which has all the hallmarks of a market marking time," said Ben Le Brun, market analyst at Sydney's OptionsXpress. Brent crude for October delivery fell 21 cents to $50.47 a barrel as of 0156 GMT, after ending the previous session 18 cents higher. U.S. crude for October delivery was down 20 cents at...

  • Farmers pack separated soybeans in their field in the district of Burhanpur, Madhya Pradesh, India.

    Massive imports have driven down Indian soybean prices by 20 percent in four months and spurred crushers to close factories.

  • *U.S. crude for October delivery was up 3 cents at $46.78 barrel by 0012 GMT, after settling 50 cents higher in the previous session. *Iran's Supreme Leader, President Hassan Rouhani said he favours a parliamentary vote on its nuclear deal with world powers and called for sanctions against Tehran to be lifted completely rather than suspended, state television...

  • Commodities tomorrow: New range for oil

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

  • *Brent up 18 cents after wild ride; U.S. crude rises 50 cents. NEW YORK, Sept 3- Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in U.S. crude inventories that weighed on the outlook for oil. "Early strength and a late fade," Donald Morton, an oil trader with Fairfield, Connecticut-...

  • Low gas prices for holiday travel

    CNBC's Jackie DeAngelis reports on the lowest Labor day gas prices since 2004.

  • Oil spill closes part of the Mississippi River Thursday, 3 Sep 2015 | 12:00 AM ET
    A file photo of the Mississippi River and St. Louis, Missouri.

    Part of the Mississippi River has been closed as crews investigate and clean up an oil spill caused by the collision of two tow boats.

  • Despite data on Wednesday showing a huge build in U.S. crude inventories, oil rallied early in New York trade as investors regained their appetite for risk due to a respite in bad news out of China and the potential for more European monetary easing. "Early strength and now a late fade," Donald Morton, an oil trader with Fairfield, Connecticut- based Herbert J. Sims& Co.,...

  • BRENT CRUDE FUTURES TURN LOWER AS U.S.

  • NEW YORK, Sept 3- Crude futures rose for a second straight session on Thursday on the strength of equity markets as a respite in bad news out of China and the potential for more European monetary easing added to risk taking in oil. U.S. crude's front-month showed a gain of $1.10 at $47.35, versus a session high above $48. "You can call it a risk on day," said Tariq Zahir, a...

  • EIA: US weekly nat gas storage builds

    CNBC's Jackie DeAngelis reports natural gas inventories.

  • *U.S. payroll data, Baker Hughes rig counts due Friday. Brent was up $1.50 at $52 a barrel by 1421 GMT, after rising 94 cents in the previous session. U.S. crude rose $1.70 to $47.95 a barrel, up from the day's low of $45.65 and after settling 84 cents higher on Wednesday.

  • Crude shrugs off strong dollar, moves higher

    CNBC's Jackie DeAngelis reports oil prices are moving higher as natural gas trades at the low end of the range.

  • LONDON, Sept 3- U.S. crude oil stocks are set to rise in the next few months as the summer driving season ends and refineries enter the autumn turnaround season, according to many analysts and traders. Rising stocks will emphasise continuing oversupply in the oil market and are expected to put renewed downward pressure on crude oil prices before the end of the year.

  • Projecting ‘very low’ inflation: Draghi

    ECB President Mario Draghi says based on current inflation forecasts and oil price projections, he expects inflation to stay very low in the near term.

  • ECB should ignore oil price shocks: German ‘wise man’

    Volker Wieland, a member of the German Council of Economic Experts, colloquially known as one of the country’s ‘wise men,’ suggests it would be foolish if the ECB reacted to headline inflation as a result of low oil prices.

  • What’s best for Europe: Weak euro or low oil?

    Gilles Moec, head of developed European economist at Bank of America Merrill Lynch, outlines deflationary concerns still plaguing the euro zone.