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  • *Brent-U.S. crude spread at 3- week low under $8 a barrel. Brent, the London- traded global oil benchmark, slumped more than 3 percent. Even so, WTI fell less than Brent as players bet on a further narrowing of its discount to the London benchmark after forecasts for a modest build last week in the Cushing, Oklahoma delivery point for U.S. crude versus the rest of the...

  • Brent, the London- traded global oil benchmark, slumped more than 3 percent as expectations of a mid-year U.S. rate hike sent the dollar soaring to multi-year highs, making commodities denominated in the greenback costlier for holders of other currencies. Traders said WTI saw less pressure than Brent as players bet on a further narrowing of its discount to the...

  • LONDON, March 10- Brent crude futures fell to around $57 a barrel on Tuesday as the dollar hit multi-year highs and the oil market remained hobbled by oversupply and weak demand. At 1429 GMT, Brent was down $1.52 at $57.01 a barrel, having touched an intraday low of $56.81 after U.S. traders arrived at their desks. "In order to balance the market we need the supply glut to...

  • LONDON, March 10- Brent crude futures dipped below $58 a barrel on Tuesday as the dollar scaled multi-year highs and the oil market remained hobbled by oversupply and weak demand. At 0940 GMT, Brent was down 81 cents at $57.72, while U.S. crude was 41 cents lower at $49.59. "In order to balance the market we need the supply glut to be brought down, by rising demand or lower...

  • SINGAPORE, March 10- Brent crude fell towards $58 a barrel on Tuesday as the dollar scaled multi-year highs, but data showing a recovery in China's annual consumer inflation checked losses. Brent fell 52 cents to $58.01 by 0817 GMT, while U.S. crude dropped 34 cents to $49.66. Both benchmarks had risen earlier in the day to $58.72 and $50.36, respectively,...

  • SINGAPORE, March 10- Brent crude gave up most of its early gains and steadied above $58.50 a barrel on Tuesday, supported by data showing annual consumer inflation in top energy consumer China recovered last month while a firmer dollar kept a lid on prices. China, which is battling growing deflationary pressures, saw consumer inflation rise 1.4 percent in...

  • SINGAPORE, March 10- Brent crude gave up most of its early gains and steadied above $58.50 a barrel on Tuesday, supported by data showing annual consumer inflation in top energy consumer China recovered last month while a firmer dollar kept a lid on prices. China, which is battling growing deflationary pressures, saw consumer inflation rise 1.4 percent in...

  • *U.S. crude lifted by modest Cushing build vs expectations. NEW YORK, March 9- Brent prices fell 2 percent on Monday pressured by European Central Bank bond-buying, while U.S. crude rose about 1 percent on a smaller-than-expected build in inventories at the key Cushing oil hub, leading to a narrowing gap between the two benchmarks. Genscape estimated a 157,000-...

  • *Alcoa to buy RTI International for $1.5 bln. Alcoa Inc said it would buy RTI International Metals Inc for $1.5 billion. Alcoa lost 6.4 percent to $13.55 while RTI jumped 38 percent to $37.62.

  • NEW YORK, March 9- Benchmark Brent crude prices fell on Monday pressured by European Central Bank bond-buying, while U.S. crude rose on bullish storage data, leading to a narrowing gap between the two benchmarks. Brent was pressured as the ECB started buying bonds under its quantitative easing program, a move that implies a certain level of deflation, said Bob...

  • NEW YORK, March 9- Oil prices rose on Monday, rebounding from early losses, after market data firm Genscape reported a modest stock build last week at the Cushing, Oklahoma delivery point for U.S. crude. West Texas Intermediate crude jumped $1, or about 2 percent, to $50.61 a barrel by 10:58 a.m. EDT. The front-month in benchmark Brent crude, down nearly $1 earlier in...

  • *Alcoa to buy RTI International for $1.5 bln. "We're positive on the stock market here, and the recent setback last week just provides better opportunity to buy," said Tom Mangan, senior vice president at James Investment Research Inc in Xenia, Ohio. Alcoa Inc said it would buy RTI International Metals Inc for $1.5 billion.

  • The small US town holding billions in black gold Saturday, 7 Mar 2015 | 11:34 AM ET

    Cushing, Oklahoma, is a sleepy town with 8,000 people. It's also the intense focus of every major player in the oil market right now.

  • *Supply concerns in Libya, Iraq initially boost prices. NEW YORK, March 5- Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq. Washington's pursuit of a nuclear agreement with Tehran, which could end sanctions against Iran and bring more oil...

  • *Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...

  • NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.

  • NEW YORK, March 4- Oil prices fell on Wednesday after U.S. crude stock builds were more than twice levels forecast, although prices held off recent lows after Saudi Arabia's oil minister said he expected prices to recover soon from the selloff of recent months. "It's another bearish data point in an already bearish fundamental environment," said Dominick...

  • *Saudi Arabia raises monthly prices for crude sales. LONDON, March 4- Brent crude oil extended losses to fall below $60 a barrel on Wednesday after a much larger-than-expected build in U.S. crude stocks, while Saudi Arabia's oil minister said he expected the market to balance itself and prices to recover. April Brent fell $1.46 to $59.56 by 1538 GMT, dropping below...

  • *Fighting escalates in Libya, militants seize oilfield. LONDON, March 4- Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes and militant raids on oil facilities in Libya. In a move widely seen as showing Saudi Arabia's confidence in a demand recovery, the OPEC kingpin raised official selling prices for its...

  • *Speculation over Iran nuclear deal, higher Libyan output weigh. *Coming Up: American Petroleum Institute report on Tuesday. NEW YORK, March 2- Brent futures fell 5 percent, its most in a month, on Monday as speculation of a nuclear deal that could lift Iran's sanctions and boost its oil exports brought worries about high supplies back to the market.