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Top News & Analysis Oklahoma

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  • SINGAPORE, Aug 5- Benchmark Brent crude oil prices rose above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. "The market is still digesting news of Iran coming back with more supply," Ben Le Brun, a markets analyst at OptionsXpress in Sydney said. September Brent crude rose 35...

  • Brent inches up above $50 ahead of US oil stocks data Tuesday, 4 Aug 2015 | 10:05 PM ET

    SINGAPORE, Aug 5- Benchmark Brent crude oil prices inched up just above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. "The market is still digesting news of Iran coming back with more supply," Ben Le Brun, a markets analyst at OptionsXpress in Sydney said. September Brent crude...

  • *U.S. crude gained 14 cents to $45.88 a barrel as of 0000 GMT. *Brent also rose 14 cents to $50.13 a barrel after previously settling up 47 cents, or 1 percent, at $49.99 a barrel. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 504,000 barrels, the American Petroleum Institute said.

  • WASHINGTON, Aug 4- Oklahoma regulators are imposing new restrictions on energy companies injecting wastewater underground as they produce oil and natural gas, in the latest effort to stem a sharp increase in earthquakes. The new rules, announced by the Oklahoma Corporation Commission on Monday evening, require operators in parts of two Oklahoma counties to...

  • Apple's momentum 'meltdown' bites investors Tuesday, 4 Aug 2015 | 5:06 PM ET

    NEW YORK, Aug 4- Has the "curse of the Dow" finally caught up with Apple? For CEO Tim Cook, it means his stake of more than 111 million shares is now worth about $12.76 billion, compared with nearly $15 billion at the peak in late April. "When you get a stock that is over-owned it's difficult to find that incremental buyer," said Art Hogan, chief market strategist at Wunderlich...

  • WASHINGTON, Aug 4- Oklahoma regulators are imposing new restrictions on energy companies injecting wastewater underground, in the latest effort to stem a sharp increase in earthquakes. The new rules, announced by the Oklahoma Corporation Commission on Monday evening, require operators in parts of two Oklahoma counties to reduce the amount of saltwater they...

  • NEW YORK, July 29- U.S. crude oil inventories declined far more than expected last week, while gasoline stocks decreased amid robust demand for the motor fuel, data from the Energy Information Administration showed on Wednesday. U.S. crude was up $1.02 at $49 a barrel at 11:13 a.m. EDT, well above its session low of $47.39. Brent crude was up 58 cents at $53.88, having...

  • UPDATE 1-Spirit AeroSystems profit rises as costs fall Wednesday, 29 Jul 2015 | 8:49 AM ET

    July 29- Aircraft parts maker Spirit AeroSystems Holdings Inc reported a better-than-expected quarterly profit as costs fell and said it would buy back up to $350 million of stock. The company, which makes fuselages and propulsion systems for Boeing Co and Airbus Group SE, said total expenses fell 7.5 percent to $1.47 billion in the second quarter from a year...

  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • WASHINGTON/ OKLAHOMA CITY, July 28- Two energy companies are shutting injection wells after three strong earthquakes struck near an Oklahoma town, in response to concerns about the practice of injecting wastewater from oil and gas operations deep underground, state regulators said on Tuesday. Three quakes above magnitude 4.0 struck on Monday near the town of...

  • TULSA, Oklahoma, July 28- The rebound in U.S. jobs, limited in the early part of the recovery to a handful of booming industries such as oil, has broadened across the country as old-line industrial areas such as Michigan and sun belt hubs like Florida pick up the slack. Riding the shale oil and gas boom, Texas, Louisiana, Oklahoma and three other states made an outsized...

  • *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...

  • 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...

  • 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.