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Energy Commodities Oil

  • SEOUL, June 26- Oil prices rose more than 1 percent early on Monday on a weaker dollar, but another rise in U.S. drilling activity stoked worries that a global supply glut will persist despite an OPEC- led effort to curb output. Brent crude futures were up 50 cents, or 1.1 percent, at $46.04 per barrel at 0215 GMT. I suspect short covering, "said Ric Spooner, chief market...

  • Oil jack pumps are pictured in the Kern River oil field in Bakersfield, Calif.

    Oil prices rose on Monday, but increased U.S. drilling activity stoked worries that a global supply glut would persist.

  • Brent crude futures were up 24 cents, or 0.53 percent, at $45.78 per barrel at 0047 GMT. But crude supplies in the United States, which is not part of the OPEC- led deal, have been dampening the impact of curbs. U.S. energy firms added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2014, according to data from energy services firm...

  • A worker walks past a drilling rig of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia.

    Putin recently declared Russia's economic woes as being over, but economists say oil is still weak and economic reform stalled.

  • Crude oil sprays from a well bucket.

    Commodities king Dennis Gartman says the crude crush is far from over.

  • Cramer's game plan: In a market on edge, stick with the bulls

    Jim Cramer looks to the stocks and events on his radar next week, including a monumental meeting at Cisco and a key Fed report.

  • Bulls running

    Jim Cramer looks to the stocks and events on his radar next week, including a monumental meeting at Cisco and a key Fed report.

  • Cramer: Stick with the bulls in this market

    Jim Cramer looks to the stocks and events on his radar next week, including a monumental meeting at Cisco and a key Fed report.

  • The Week Ahead

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

  • NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar, but finished a fifth straight week lower as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures settled up 32 cents, or 0.7 percent, to $45.54 a barrel. "The higher rig count this week reflects decisions made a couple of months ago when oil...

  • Jackie DeAngelis commodity hit

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

  • *Energy, housing stocks help lift Wall Street. NEW YORK, June 23- World stocks advanced on Friday and were on track to end the week with a slight gain as a drop in the dollar helped boost slumping oil prices. U.S. crude rose 0.58 percent to $42.99 per barrel and Brent was last at $45.50, up 0.62 percent on the day.

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 15 cents, or 0.3 percent, at $45.37 a barrel by...

  • US oil rig counts up 11 at 758 vs. week ago

    CNBC's Jackie DeAngelis reports that the number of oil rigs in the U.S. has risen for the 23rd straight week.

  • NEW YORK, June 23- Oil futures climbed almost 1 percent on Friday on lift from a falling dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 40 cents, or 0.9 percent at $45.62 a barrel by 11:52 a.m. EDT, pushing the front-month out of...

  • *Energy, housing stocks help lift Wall Street. NEW YORK, June 23- World stocks advanced on Friday and were poised for a modest gain to end the week as a drop in the dollar helped boost sagging oil prices. U.S. crude rose 0.84 percent to $43.10 per barrel and Brent was last at $45.64, up 0.93 percent on the day.

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. LONDON, June 23- Oil traded flat on Friday, hovering near a 10- month low in U.S. prices hit earlier this week, and remained on course for its biggest first-half decline in almost two decades as production cuts have failed to reduce oversupply. Brent crude futures were down 8 cents at $45.14 a barrel at 1337 GMT.

  • Crude oil sprays from a well bucket.

    Oil prices fell sharply this week on concerns about global oversupply, but now might be the time to buy the commodity.

  • *Many U.S. shale drillers profitable at $40/ bl- Cenkos. Brent crude futures were up 14 cents at $45.36 a barrel at 1138 GMT. Bearish factors like higher output in Libya or Nigeria result in lower oil prices but bullish factors, like the really high OPEC commitment, are ignored, "said Frank Schallenberger, head of commodity research at LBBW in Stuttgart.

  • June 23- U.S. stock index futures were little changed on Friday as oil prices edged up and ahead of economic data and speeches by Federal Reserve policymakers. *Wall Street ended flat on Thursday, but healthcare stocks rallied as Senate Republicans unveiled legislation that would replace Obamacare with a plan that scales back aid to the poor and kills a tax on the...