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  • NEW YORK, July 29- U.S. crude oil inventories declined far more than expected last week, while gasoline stocks decreased amid robust demand for the motor fuel, data from the Energy Information Administration showed on Wednesday. U.S. crude was up $1.02 at $49 a barrel at 11:13 a.m. EDT, well above its session low of $47.39. Brent crude was up 58 cents at $53.88, having...

  • July 29- Aircraft parts maker Spirit AeroSystems Holdings Inc reported a better-than-expected quarterly profit as costs fell and said it would buy back up to $350 million of stock. The company, which makes fuselages and propulsion systems for Boeing Co and Airbus Group SE, said total expenses fell 7.5 percent to $1.47 billion in the second quarter from a year...

  • TULSA, Okla. _ BOK Financial Corp. on Wednesday reported second-quarter net income of $79.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share. BOK Financial shares have risen slightly more than 8 percent since the beginning of the year.

  • OKLAHOMA CITY _ Seventy Seven Energy Inc. on Wednesday reported a second-quarter loss of $74.7 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 91 cents per share. This story was generated by Automated Insights using data from Zacks Investment...

  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • WASHINGTON/ OKLAHOMA CITY, July 28- Two energy companies are shutting injection wells after three strong earthquakes struck near an Oklahoma town, in response to concerns about the practice of injecting wastewater from oil and gas operations deep underground, state regulators said on Tuesday. Three quakes above magnitude 4.0 struck on Monday near the town of...

  • Stephens Production and Devon Energy each voluntarily closed one well, and Stephens reduced operations at another well by 50 percent, Oklahoma Corporation Commissioner Matt Skinner said. Earthquakes in the area recorded by the U.S. Geological Survey include a magnitude 4.5 quake at 1:12 p.m. Monday that is the strongest reported in the state so far this...

  • TULSA, Oklahoma, July 28- The rebound in U.S. jobs, limited in the early part of the recovery to a handful of booming industries such as oil, has broadened across the country as old-line industrial areas such as Michigan and sun belt hubs like Florida pick up the slack. Riding the shale oil and gas boom, Texas, Louisiana, Oklahoma and three other states made an outsized...

  • "We're not taking up the Senate bill," the California Republican told reporters at the Capitol, adding that the Senate should instead take up the bill already passed by the House. "My best advice to the Senate is to get our highway bill moved forward," he said. Hours later, in a hectic late-night session, the Senate voted 64-29 to include the provision reviving the...

  • *OPEC members say price drop short term. "Demand is reasonably buoyant in the United States, but there's just so much supply," said Ben Le Brun, market analyst at OptionsXpress in Sydney. U.S. crude for September delivery was 11 cents higher at $49.30 by 0300 GMT, after dropping $1.67 on Wednesday to settle below $50 for the first time since April.

  • U.S. crude holds below $50 as weekly stockpiles rise Wednesday, 22 Jul 2015 | 9:36 PM ET

    SINGAPORE, July 23- Oil prices held steady in early Asian trade on Thursday, with U.S. crude trading below $50 a barrel near its lowest in more than three months as rising U.S. stockpiles and a strong dollar weighed on the contract. U.S. crude for September delivery was 4 cents higher at $49.23 by 0112 GMT, after dropping $1.67 on Wednesday to settle below $50 for the...

  • CHICAGO, July 22- U.S. pork held in freezers marked a record high in the month of June, bolstered by increased hog production following industry efforts to control the deadly pig virus, experts said after the government's monthly cold storage report on Wednesday. And, usually big production creates big stocks, "said independent industry analyst Bob Brown in...

  • *OPEC members say expect price fall to be short-lived. NEW YORK, July 22- Oil prices fell and U.S. crude settled below $50 a barrel on Wednesday after government data showed crude inventories in the United States rose last week and as a stronger dollar and weaker global equities applied pressure. "The crude oil inventory rise was driven by a strong rebound in crude...

  • *OPEC members say expect price fall to be short-lived. U.S. crude dipped below $50 a barrel, trading as low as $49.75, the lowest since April 6 and down $1.11 on the day. "The U.S. crude oil stocks build reported by the API last night is weighing on prices," said Tamas Varga, analyst at London brokerage PVM Oil Associates.

  • Industry data released on Tuesday by the American Petroleum Institute showed crude inventories at the Cushing, Oklahoma hub rose 2.3 million barrels last week, compared with analyst expectations for a decrease of the same volume. "The U.S. crude oil stocks build reported by the API last night is weighing on prices," said Tamas Varga, analyst at London brokerage...

  • U.S. crude, also known as West Texas Intermediate, for September delivery was trading 45 cents lower at $50.41 a barrel by 0108 GMT, after closing 42 cents higher. The WTI August contract, which expired on Tuesday, settled 21 cents higher at $50.36 a barrel, after slipping to $49.77 intraday. The September Brent futures contract was trading 34 cents lower at $56.70 a...

  • Southwest Bancorp beats 2Q profit forecasts Tuesday, 21 Jul 2015 | 5:15 PM ET

    STILLWATER, Okla. _ Southwest Bancorp Inc. on Tuesday reported second-quarter profit of $4.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. Southwest Bancorp shares have risen 5 percent since the beginning of the year.

  • July 21- Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said on Tuesday it will suspend dividend payments starting in the current quarter to save up to $240 million a year. ConocoPhillips last week raised its quarterly payout by a smaller-than-normal 1 cent, citing low oil prices. Shares of Chesapeake were down 4.7 percent at $9.79 on...

  • Chesapeake Energy eliminates annual dividend Tuesday, 21 Jul 2015 | 10:56 AM ET

    OKLAHOMA CITY— With natural gas and crude in an extended decline and few signs of a rebound, Chesapeake Energy axed its annual dividend and will redirect the money into its 2016 capital spending program. "The company's liquidity position remains extremely strong with more than $2 billion of unrestricted cash on our balance sheet and an undrawn $4 billion...

  • UPDATE 1-Chesapeake Energy suspends dividend payments Tuesday, 21 Jul 2015 | 8:26 AM ET

    July 21- Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said it would suspend dividend payments starting in the current quarter to save up to $240 million a year. Chevron Corp said in May it would not raise its dividend in the second quarter and that it would see "where things shake out long term" before raising its payout.