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  • "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.

  • *China domestic diesel sales fall in June. Expectations of more Iranian supply following a nuclear deal and concerns that economic worries in China and Europe will weigh on demand have put pressure on oil prices this month. "Pessimism about oil prices because of the Iran nuclear deal and economic concern about China and Europe are overblown," analysts at PIRA...

  • OKLAHOMA CITY— The Oklahoma Corporation Commission said Friday it is placing more than 200 oil and natural gas wastewater disposal wells under scrutiny as the regulatory agency investigates whether the wells are triggering earthquakes in the state. The main focus of the action is on high-volume disposal wells in a geologic formation known as the Arbuckle...

  • BRENHAM, Texas— Blue Bell's chief executive told shareholders this week that Texas billionaire Sid Bass will lend the company up to $125 million, and that the investment is essential for the popular ice-cream maker to remain in business, according to a published report. Texas- based Blue Bell on Tuesday announced that Bass would become an investor, but no terms...

  • *Iran starts moving oil stored offshore to Asia. "With the Iran deal people are aware there is more supply coming so all impetus for a price correction higher has gone," said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam. Iran has started to ship oil to Asia that it had been storing offshore for months after Tehran and six world powers reached a...

  • UPDATE 1-Oil prices steady as Greece crisis abates Friday, 17 Jul 2015 | 2:51 AM ET

    TOKYO, July 17- Oil prices were steady on Friday in thin trade in Asia, underpinned by a power outage at Britain's largest oilfield, though risks of oversupply following the Iranian nuclear deal and mixed economic data held back prices. All the geo-political issues seem to be out of the way for the time being, "said Jonathan Barratt, chief investment officer at Ayers...

  • Oil prices rise in early Asian trade Thursday, 16 Jul 2015 | 9:54 PM ET

    TOKYO, July 17- Oil prices rose slightly on Friday in thin trade in Asia, underpinned by a power outage at Britain's largest oilfield, though risks of oversupply following the Iranian nuclear deal and mixed economic data held back prices. Still, the market remains in oversupply with around 2.5 million barrels per day in excess of demand and the likelihood of more...

  • *Japan's Nikkei, South Korea's Kospi edge higher. TOKYO, July 17- Asian shares opened higher on Friday, aided by a higher Wall Street and eased tensions over Greece, while the dollar extended gains versus the euro and yen as economic indicators bolstered expectations for a U.S. rate hike by year-end. Wall Street gained overnight, with the Nasdaq up more than 1 percent...

  • BancFirst beats Street 2Q forecasts Thursday, 16 Jul 2015 | 4:57 PM ET

    OKLAHOMA CITY _ BancFirst Corp. on Thursday reported second-quarter earnings of $18.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share. BancFirst shares have climbed 4 percent since the beginning of the year.