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Top News & Analysis Oklahoma


  • UPDATE 8-Oil lifted after Libya's largest field shuts Tuesday, 24 Feb 2015 | 12:42 PM ET

    NEW YORK, Feb 24- Crude oil futures rose on Tuesday on news that production had stopped at Libya's largest oilfield. The Sarir and the nearby Messla oilfields in Libya were shut because of a power cut, dealing another blow to exports from the embattled OPEC member nation. Brent April crude was up 52 cents at $59.42 a barrel at 12:24 p.m. EST.

  • NEW YORK, Feb 23- Crude oil futures were lower on Monday as investors worried about oversupply and a strong dollar, but heating oil jumped about 6 percent for a second straight day due operational problems at major U.S. refineries. "It's a worry of high supplies with crude and tight supplies with heating oil," said Gene McGillian, senior analyst at Tradition Energy in...

  • NEW YORK, Feb 23- Oil prices were down on Monday on worries of oversupply and a strong dollar, but bets the market had hit bottom after a seven-month selloff limited the downside, traders said. The largest U.S. refinery strike in 35 years, involving workers at 12 refineries that account for one-fifth of the national production capacity, has also been a negative for...

  • CHICAGO, Feb 20- Slumping demand for meat on the U.S. Friday's USDA report showed January pork inventories totaled 596.5 million pounds, up 18 percent from December, partly due to increased production. Ron Plain, a University of Missouri livestock economist, attributed the bulge in cold storage to the inability to move meat off the West Coast.

  • *Output from Saudi Arabia may also be rising- PIRA. LONDON, Feb 19- Brent crude oil prices fell below $59 a barrel on Thursday after U.S. government data showed crude stocks hit a record high last week. Benchmark Brent crude futures for April were down $1.83 at $58.70 by 1618 GMT, having hit an intraday low of $57.80 earlier in the session, extending declines from...

  • Boeing wins $403 mln upgrade deal for Japan govt Friday, 13 Feb 2015 | 7:09 PM ET

    WASHINGTON, Feb 13- Boeing Co has won a contract valued at $403 million to upgrade four 767- based airborne warning and control aircraft for the government of Japan, the Pentagon said in its daily list of major contract awards on Friday. The contract is a modification of an earlier award, and includes upgrades of four E-767 Japan Airborne Warning and Control...

  • NEW YORK, Feb 12- Crude oil futures climbed on Thursday, arresting a two-session losing streak, as industry spending cuts and a weaker dollar spurred buying. "Shell's CEO had a more bullish take on supply and demand and the weaker dollar also helped support crude," said Phil Flynn, analyst at Price Futures Group in Chicago. With the front-month March crude contract...

  • NEW YORK, Feb 12- Crude oil stockpiles at the Cushing, Oklahoma, delivery point rose by a record 3.2 million barrels since last Friday, according to oil services firm Genscape on Thursday, curbing U.S. crude oil futures' gains. By 11:28 a.m., prices were up just over 3 percent at $50.34 per barrel, having recouped some of the ground lost in the immediate aftermath of the...

  • LONDON, Feb 12- "Excessive oil and gas loan concentrations have been a key factor in the failure of some banks during periods of steep price declines," the Office of the Comptroller of the Currency notes with bureaucratic understatement in its handbook for U.S. bank examiners. The agency supervised the infamous Penn Square Bank in Oklahoma City, which was declared...

  • UPDATE 8-Oil falls towards $54 on record-high U.S. stocks Wednesday, 11 Feb 2015 | 10:56 AM ET

    LONDON, Feb 11- Oil fell more than $2 on Wednesday towards $54 a barrel after U.S. crude stock piles hit record highs. U.S. commercial crude oil stock piles rose by 4.9 million barrels last week to 417.93 million barrels, their highest since records began in 1982, the government-run Energy Information Administration reported on Wednesday. Brent crude futures...

  • ZUEHL, Texas, Feb 6- Texas rancher Jim Rackley would like to add more cattle to his herd of about 50 to take advantage of sizzling beef prices and growing demand from health-conscious consumers for his grass-fed beef. But the prospect of cloudless skies keeps him cautious. "Every time we think we're coming out of the drought, we get hit again,' said Rackley, a former high...

  • 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.

  • Health report card: Less smoking, too much eating Wednesday, 10 Dec 2014 | 12:01 AM ET
    obesity over weight health

    Life expectancy is up, smoking is down, and obesity rates are on the rise again according to the new edition of America's Health Rankings.

  • Oil and the banks: As prices fall, risks may rise Monday, 8 Dec 2014 | 4:09 PM ET
    Oil pumps wells Monterey Shale fracking

    Falling oil prices may be good news for consumers at the gas pumps, but they're bad news for some bankers in the oil patch.

  • And the state with the cheapest gasoline is... Friday, 5 Dec 2014 | 2:36 PM ET
    A gas station attendant fills a customer's vehicle in Turnersville, N.J., Dec. 4, 2014.

    The gap between the most and least expensive U.S. state in average gas prices is the widest in 10 years.

  • Cramer Remix: The best stocks to own now Tuesday, 2 Dec 2014 | 7:07 PM ET

    It’s this stock, and its partner in crime, that "Mad Money" host Jim Cramer believes are heading higher.

  • T Boone Pickens tells Cramer: $100 oil will return Tuesday, 2 Dec 2014 | 6:24 PM ET
    T. Boone Pickens, chief executive officer of BP Capital Management

    As oil prices fall fast, Jim Cramer turned to T Boone Pickens for his expert opinion on where energy could be headed.

  • In some states, cheap oil isn't such a good thing Tuesday, 28 Oct 2014 | 10:15 AM ET
    An oil refinery in Kenai, Alaska.

    The recent drop in oil prices may soon take a big bite out of tax revenues in states that are big energy producers.