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Top News & Analysis Oklahoma


  • Tensions in the Middle East and a drop last week in the number of rigs drilling for oil in the United States also put a floor beneath U.K. North Sea Brent and U.S. crude futures, traders said. Brent, the more widely-referenced benchmark, was up 10 cents at $63.55 a barrel by 11:53 a.m. EDT, after falling more than $1 earlier. "The market was bouncing around looking for...

  • SINGAPORE, April 15- U.S. crude futures climbed towards $54 a barrel in early Asian trade on Wednesday, buoyed by a smaller than expected build in U.S. crude inventories, Middle East tensions and a weaker dollar. *U.S. crude for May delivery rose 15 cents to $53.44 as of 0003 GMT after settling $1.38 higher in the previous session to surge above its 100- day moving...

  • LONDON, April 13- Professional commodity traders watch spreads rather than spot prices as the best indicator of the balance between supply and demand. The contango was particularly pronounced in futures contracts linked to WTI because the rise in stocks has been concentrated in the United States, especially around the contract's delivery point at Cushing,...

  • Obamacare bill: Some hit with unexpected payments Friday, 10 Apr 2015 | 2:09 PM ET
    An agent from Sunshine Life and Health Advisors offers insight to potential enrollees in Miami about the plans available last year under the Affordable Care Act.

    About half the people who received federal money to help pay for their Obamacare insurance will repay some of that money this tax season.

  • Where Big Oil is cutting back Thursday, 9 Apr 2015 | 3:49 PM ET
    Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico.

    The crash in oil prices has led to huge cuts in investment in spending on new exploration and production.

  • Dimon, now Summers: There's a liquidity problem Thursday, 9 Apr 2015 | 9:01 AM ET
    Larry Summers, left, and Jamie Dimon

    The former Treasury secretary said regulators should make a priority of addressing the problems of bond market liquidity, brought on by efforts to make institutions safer after the crisis.

  • Storm brings tornadoes, giant-sized hail to US Thursday, 9 Apr 2015 | 7:51 AM ET

    A storm peppered a 1,500-mile arc with 10 reported tornadoes, hail and winds of up to 80 mph Wednesday, NBC News reported.

  • Brent May crude fell $3.55, or 6 percent, to settle at $55.55 a barrel. May crude fell $3.56, or 6.6 percent, to settle at $50.42 after closing at nearly $54 a barrel on Tuesday, the highest close since Dec. 30. The U.S. data were "very bearish," said John Kilduff, partner at Again Capital LLC in New York.

  • Tornado alert: 30 million brace for fierce storm Wednesday, 8 Apr 2015 | 2:54 PM ET

    Around 30 million Americans were under threat from a storm promising hail, high winds and a chance of tornadoes, NBC News reports.

  • NEW YORK, April 8- Oil futures fell sharply on Wednesday after government data showed the largest weekly increase in U.S. crude inventories since 2001 and a day after Saudi Arabia reported record production in March. "The report is very bearish with the large crude oil inventory build and the somewhat surprising rise in gasoline inventories," said John Kilduff,...

  • May crude was down $2.40, or 4.5 percent, at $51.58 a barrel at 11:20 a.m. EDT, having fallen as low as $51.38. Brent May crude was down $2.01, or about 3.5 percent, at $57.09, having slumped as low as $56.90. "They are the most bearish numbers I've seen in quite some time, very surprising, even to a bear like me," said Tariq Zahir, managing member at Tyche Capital Advisors in...

  • Volatile oil, a dovish Fed, and start of earnings Wednesday, 8 Apr 2015 | 5:57 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Markets expect to hear from a dovish Fed Wednesday, while a bubbling up of oil prices makes weekly U.S. inventory data a bigger than normal focus.

  • Traders work on the floor of the New York Stock Exchange.

    Markets expect to hear from a dovish Fed Wednesday, while a bubbling up of oil prices makes weekly U.S. inventory data a bigger than normal focus.

  • Most loved beer label contest: Underdogs to watch Tuesday, 24 Mar 2015 | 1:01 PM ET
    Prairie Artisan Ales Chrismas Bomb.

    CNBC's beer label contest is all about having the right flair. Here are three potential Cinderella labels that could make some noise in the brackets.

  • Native tribes debate entering legal pot business Thursday, 19 Mar 2015 | 1:31 PM ET
    Monument Valley Navajo Tribal Park in southeastern Utah.

    Many Native American tribes are grappling with the idea of growing marijuana on reservation land.

  • Top 5 reasons why oil is going lower Monday, 16 Mar 2015 | 10:24 AM ET
    A view of a petrochemical complex in Assaluyeh on Iran's Persian Gulf coast.

    Wall Street is giving five big reasons for why the price of oil is headed lower. You may have heard two but at least two are surprising.

  • 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.

  • Lower gas prices no windfall for these retailers Wednesday, 4 Feb 2015 | 3:02 PM ET
    A customer checks out at a Best Buy in Peoria, Ill.

    As oil prices fall, it becomes harder for energy companies to maintain profitability.

  • Despite Supreme Court suit, potpreneurs push ahead Monday, 22 Dec 2014 | 12:45 PM ET
    Kristin Brinckerhoff ponders the selection of marijuana at 3D Cannabis Center in Denver, Jan. 2, 2014.

    Attorneys general in neighboring states filed a Supreme Court lawsuit attempting to overturn parts of Colorado's historic marijuana law.

  • Two sides to cheap oil Tuesday, 16 Dec 2014 | 2:18 PM ET
    Two sides to cheap oil

    Discussing the future of big oil producing states, with Former Oklahoma Governor Frank Keating of American Bankers Association.