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  • U.S. energy companies added oil rigs for a fifth straight week, Baker Hughes said, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November. Estimates suggest compliance by OPEC is around 90 percent, and Reuters reported on Thursday that OPEC could extend...

  • U.S. energy companies added oil rigs for a fifth straight week, Baker Hughes said, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November. Estimates suggest compliance by OPEC is around 90 percent, and Reuters reported on Thursday that OPEC could extend...

  • Futures Now: Oil on pace for negative week

    The "Futures Now" team discusses the "stubborn" move in oil, and where the commodity may head from here.

  • Feb 17- U.S. energy companies added oil rigs for a fifth straight week, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November. RIG-OL-USA- BHI> During the same week a year ago, there were 413 active oil rigs. Baker Hughes oil rig count plunged from a record...

  • *Demand growth falters in China, India. Estimates suggest compliance by OPEC is around 90 percent, and Reuters reported on Thursday that OPEC could extend the pact or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level. "It's encouraging that it may not be a six-month deal but one of the issues is if you look at OPEC and other...

  • *Demand growth falters in China, India. Both appeared on track for losses on the week, though prices had moved higher earlier in the session in response to news that producer group OPEC could extend an output cut aimed at reining in a global supply overhang. The Organization of the Petroleum Exporting Countries and other producers, including Russia, agreed to cut...

  • Pisani: Two particular groups having problems, banks and energy stocks

    CNBC's Bob Pisani looks ahead at what's moving markets this morning.

  • *Demand growth falters in China, India. Both appeared on track for losses on the week, though prices had moved higher earlier in the session in response to news that producer group OPEC could extend an output cut aimed at reining in a global supply overhang. The Organization of the Petroleum Exporting Countries and other producers, including Russia, plan to cut...

  • A floorhand operates a Chevron oil drilling rig near Taft, California.

    Oil is likely to remain in the low $50s for the rest of the year.

  • *Demand growth falters in China, India. Both appeared on track for losses on the week, though prices had moved higher earlier in the session in response to news that producer group OPEC could extend an output cut aimed at reining in a global supply overhang. The Organization of the Petroleum Exporting Countries and other producers, including Russia, plan to cut...

  • A Shell Oil facility in Carson, California

    Oil was pressured by growing global stocks, but hope that an output cut by producers might balance the market helped to cap losses.

  • An oil well owned and operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas.

    The "Fast Money" traders drill into the oil sector.

  • Singapore's United Overseas Bank (UOB) reported on Friday its earnings for the fourth quarter slipped 6.2 percent on-year to S$739 million.

  • Oil's next stop?

    Robert Raymond, RR Advisors, shares his bull case for crude. The “Fast Money” traders weigh in.

  • The curious case of crude?

    CNBC's Dominic Chu breaks down a divergence occurring in the oil market.

  • OPEC may extend output deal, make deeper cuts

    OPEC sources say the oil cartel could extend its oil supply-reduction pact with non-members.

  • *OPEC, others promised to cut 1.8 million bpd in H1. *OPEC could extend or deepen cuts if global glut persists. LONDON, Feb 16- Oil prices rose on Thursday after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories failed to drop to a targeted level.