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  • *Dollar at Oct low, Cushing draw over 800,000 barrels reported. *OPEC production up this month despite freeze proposal. "Oversupply still persists due to resilient U.S. production, even if declining moderately; high OPEC output, led by Saudi Arabia and Iraq; and the gradual return of Iran starting Q1 2016," said Mike Wittner, global head of oil research at Societe...

  • NEW YORK, March 30- U.S. crude oil stockpiles rose less than expected last week as imports fell and refinery runs rose, while gasoline and distillate inventories drew down, data from the Energy Information Administration showed on Wednesday. "Large decline in imports likely contributed to the smaller-than-expected crude oil build," said Dominic Chirichella,...

  • March 30- SandRidge Energy Inc confirmed on Wednesday it has hired advisers to evaluate options including a bankruptcy filing, in what could be the most high-profile reorganization yet in U.S. shale oil industry. The company, battered by a 60 percent slide in oil prices since mid-2014, said in a regulatory filing there was substantial doubt about its financial...

  • March 30- SandRidge Energy Inc said on Wednesday it had engaged advisers to evaluate options including a private restructuring or reorganization under Chapter 11.. Oklahoma City- based SandRidge, which reported results on Tuesday after delaying the filing, had about $3.63 billion in total debt as of Dec. 31. SandRidge, which produces oil and gas from shale...

  • Oil prices fell about 3 percent in the previous session after Kuwait and Saudi Arabia said they would resume production at the jointly operated 300,000- barrel-per-day Khafji field even as oil output is supposed to be capped. U.S. crude rose 37 cents to $38.65 a barrel as of 2339 GMT after settling down $1.11 in the previous session. Official inventory data from...

  • Activist Erin Brockovich uses a computer model to display the growing environmental hot spots as she speaks during an Oklahoma Earthquake Town Hall Meeting at the University of Central Oklahoma February 23, 2016.

    The U.S. Geological Survey released data on man-made earthquakes related to wastewater injection from oil and gas drilling.

  • HOUSTON, March 28- Earthquakes caused by human activity will now be included in the U.S. Geological Survey's seismic risk maps, the agency said on Monday after a sharp rise in temblors linked to wastewater disposal wells used by the oil and gas industry in Oklahoma. Oklahoma is at the greatest risk for hazards associated with induced seismicity, the USGS said,...

  • TOKYO, March 24- U.S. oil prices fell in Asian trading on Thursday, adding to a slump in the previous session, after stockpiles rose for the sixth week to another record, sapping the strength of a two-month rally in prices. U.S. crude futures were down 10 cents at $39.69 a barrel at 0302 GMT, trading further below the important $40 level. "OPEC production is still high and...

  • TOKYO, March 24- Oil prices dropped in early Asian trading on Thursday, adding to a slump in the previous session after U.S. stockpiles rose for a sixth week to another record, sapping the strength of a two-month rally in prices. U.S. crude futures were down 23 cents at $39.56 a barrel at 0047 GMT, trading further below the important $40 level. They closed down $1.66, or 4...

  • NEW YORK, March 23- Oil prices tumbled 4 percent on Wednesday, with U.S crude settling below the key $40 per barrel mark after a sixth straight week of record highs in stockpiles that traders warned could cut short the market's two-month long rally. The U.S. government's Energy Information Administration said crude stockpiles rose 9.4 million barrels last week-...

  • The U.S. Energy Information Administration said crude stockpiles rose 9.4 million barrels last week, not far from the 8.8 million build indicated by industry group American Petroleum Institute on Tuesday but way off the 3.1 million barrels expected by analysts in a Reuters poll. U.S. crude futures were down $1.25, or 3 percent, at $40.20 a barrel by 11:30 a.m....

  • CHICAGO, March 22- U.S. pork in cold storage in February posted the smallest gain for that month in nine years, according to Tuesday's U.S. Department of Agriculture cold storage report. They added that the beef sector is finally working through product that had piled up over several months, partly due to last year's West Coast port dispute. "This is a pretty big...

  • *Oil helped by Wall Street recovery, safe havens' retreat. NEW YORK, March 22- U.S. crude retreated from the year's high as oil prices settled steady to a shade firmer on Tuesday after deadly blasts in Brussels, taking their lead from a Wall Street rebound ahead of oil inventory data. The oil market is also awaiting a clearer picture on U.S. inventories when the American...

  • LONDON, March 22- Oil prices fell on Tuesday, after deadly blasts in Brussels prompted a flight towards traditional investment havens such as gold, and after OPEC member Libya said it would not attend a meeting to discuss a supply freeze. Libya said it would not attend a gathering in Doha next month intended to help OPEC and major producers outside the cartel to cut...

  • *Cushing stockpiles down by over 570,000 barrels-data. LONDON, March 22- Oil prices seesawed on Tuesday, rattled by investor nervousness after deadly blasts in Brussels prompted a flight towards so-called safe-haven assets such as gold. "The stocks in Cushing helped... but obviously now you have these headlines from Brussels and that can lead to some risk-off...

  • *Cushing stockpiles down by over 570,000 barrels-data. LONDON, March 22- Oil prices fell on Tuesday, swept lower by investor nervousness after deadly blasts in Brussels prompted a flight towards so-called safe-haven assets such as gold. "The stocks in Cushing helped... but obviously now you have these headlines from Brussels and that can lead to some risk-off...

  • TOKYO, March 22- Oil prices rose in Asian trade on Tuesday, adding to gains from the previous session after data showed U.S. crude inventories fell for the first time since January and as commodity prices broadly strengthened. U.S. crude futures for May, the front month from Tuesday, were up 18 cents at $41.70 a barrel at 0630 GMT, after settling up 0.8 percent at $41.54...

  • OKLAHOMA CITY, March 22- Nearly 15 years since Enron's collapse decimated the retirement accounts of its employees, hundreds of thousands of U.S. energy workers remain precariously exposed to big, concentrated bets on company stock in their 401 retirement plans. In Oklahoma and Texas, workers are delaying retirement plans, surrendering trucks, cars and land in...

  • TOKYO, March 22- Oil prices dipped in Asian trade on Tuesday, giving up gains from the previous session after data showed U.S. crude inventories fell for the first time since January and as commodity prices paused from their recent rally. U.S. crude futures for May, the front month from Tuesday, were down 6 cents at $41.46 a barrel at 0245 GMT, after settling up 0.8...

  • TOKYO, March 22- Asian stocks slipped on Tuesday as hawkish comments from U.S. San Francisco Fed President John Williams told Market News International he would advocate another hike as early as April, and Richmond Fed President Jeffrey Lacker said U.S. inflation is likely to accelerate in the coming years and move toward the Fed's 2 percent target.