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  • *OPEC's April output near record highs. NEW YORK, May 2- Crude prices fell 2 percent on Monday as data showing higher Middle East oil production and record hedge fund buying sparked profit-taking on last month's outsized rally. Brent was down $1.05 at $46.32 per barrel by 10:15 a.m. EDT.

  • April 29- Spot U.S. crude oil futures' discount to the next trading month, known as contango, hit its smallest levels since January on Friday, reducing the advantages of storing oil in the United States for later delivery. The discount narrowed to 74 cents a barrel earlier in the session to its smallest since Jan. 11. "To a certain degree, this reduces the economics of...

  • CALGARY, Alberta, April 29- TransCanada Corp, the country's No.2 pipeline operator, reported a better-than-expected quarterly profit on Friday, helped by higher income from its Ontario nuclear energy company Bruce Power and a lower-than-expected effective tax rate. The company reported lower earnings on its liquids pipelines, however, in part because of...

  • NEW YORK, April 27- If Apple could cash in the value it lost in the first minute of trading on Wednesday, it would be nearly enough to buy General Motors, Target or Caterpillar. "I would not be surprised in the near term for the stock to fall to the high $80 s or low $90 s, there's no catalyst right now," said Channing Smith, managing director at Capital Advisors in Tulsa,...

  • April 27- For advocates, it is all about protecting a fundamental right of Americans to farm their land. For opponents, it is about big business, pollution and puppy mills. "All eyes are on Oklahoma," said Joe Maxwell, political director for the Humane Society Legislative Fund, which opposes the proposal.

  • AUSTIN, Texas, April 26- Tornadoes were spotted in two central states on Tuesday as the National Weather Service warned large swaths of Texas, Oklahoma and Kansas could be hit by twisters, destructive hail and high winds. The National Weather Service issued a tornado watch extending from Texas into southern Nebraska and a severe thunderstorm watch for large...

  • AUSTIN, Texas, April 26- Tornadoes were spotted in two central states on Tuesday as the National Weather Service warned large swaths of Texas, Oklahoma and Kansas could be hit by twisters, destructive hail and high winds. The National Weather Service issued a tornado watch extending from Texas into southern Nebraska and a severe thunderstorm watch for large...

  • AUSTIN, Texas, April 26- The National Weather Service warned that large sections of Texas, Oklahoma and Kansas could be hit by tornadoes, destructive hail and high winds on Tuesday, prompting some school districts to send students home early. It issued a tornado watch extending from Texas into southern Nebraska and a severe thunderstorm watch for large parts of...

  • NEW YORK, April 25- Oil prices fell as much as 2 percent on Monday after an inventory spike at a key storage base for U.S. crude and leading banks in the commodities trade said a two-month long rebound has defied fundamentals. Market intelligence firm Genscape reported that stockpiles at the Cushing, Oklahoma delivery point for U.S. crude futures rose 1,549,705...

  • NEW YORK, April 25- Oil prices fell in choppy trading on Monday after an inventory spike at a key storage base for U.S. crude although a weaker dollar limited the market's downside, keeping it not far from five-month highs. Market intelligence firm Genscape reported that stockpiles at the Cushing, Oklahoma delivery point for U.S. crude futures rose 1,549,705...

  • "The low oil price environment continues to pressure our energy clients, which contributed to the increase in non-performing loans, our reserves and provision expense," William Rogers, chief executive of Atlanta- based SunTrust said on a post-earnings call on Friday. Dallas- based Comerica said this week its energy loans accounted for about 6 percent of its...

  • *More output seen from Russia, Iran, Saudi Arabia and Libya. NEW YORK/ LONDON, April 21- Oil prices fell 3 percent on Thursday, pausing after a two-day rally, after producers from Russia to Saudi Arabia and Iran to Libya hinted at more output amid growing U.S. crude stockpiles. IEA chief Fatih Birol said low oil prices had cut investment by about 40 percent in the past two...

  • NEW YORK, April 21- Oil prices slipped on Thursday on further evidence of oversupply and a stronger dollar, while the euro eased against the U.S. dollar after European Central Bank President Mario Draghi pledged to keep monetary policy loose. U.S. stocks fell in afternoon trading in New York after mixed earnings from companies including Verizon Communications,...

  • NEW YORK, April 21- The euro turned lower against the U.S. dollar on Thursday after ECB president Draghi pledged to keep monetary policy loose, while oil prices slipped on further evidence of oversupply and a stronger dollar. The euro fell as traders looked past the European Central Bank meeting and weighed the potential for a more hawkish Federal Reserve next...

  • *More output seen from Russia, Iran, Saudi Arabia and Libya. NEW YORK/ LONDON, April 21- Oil prices slid on Thursday, reversing early gains as a rebounding dollar weighed on commodities denominated in the U.S. currency. Brent crude futures' front-month contract was down 55 cents, or 1.2 percent, at $45.25 a barrel by 11:24 a.m. EDT, off its session high of $46.18.

  • NEW YORK, April 20- U.S. crude oil inventories rose slightly less than expected last week, while distillate stockpiles posted an unexpected and huge drawdown, data from the Energy Information Administration showed on Wednesday. "Distillates are the standout bullish element of the report and gasoline is the disappointment," said Matt Smith, director of...

  • TOKYO, April 20- Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut production from the Middle Eastern country, and data showed U.S. stockpiles rose last week. Brent crude futures were down 68 cents at $43.35 a barrel at 0302 GMT. On Tuesday, they settled up $1.12, or 2.6 percent, at $44.03 a barrel.

  • *Kuwait oil strike shuts over 60 pct of its production. *Brent ends down 0.4 pct; off 7 pct first on Doha talks collapse. "The material loss in production from the Kuwait strike has helped the oil market forget about the farce from Doha," said Matt Smith, director of commodity research at the New York- headquartered Clipperdata.

  • *Brent up; fell 7 pct earlier on collapse of Doha talks. The producers had gathered in Qatar, Doha at the weekend for what was expected to be the rubber-stamping of a deal to stabilize output at January levels until October. "The material loss in production from the Kuwait strike has helped the oil market forget about the farce from Doha," said Matt Smith, director of...

  • *Oil prices down 7 pct earlier after collapse of Doha freeze plan. The producers had gathered in Qatar, Doha at the weekend for what was expected to be the rubber-stamping of a deal to stabilize output at January levels until October. "The material loss in production from the Kuwait strike has helped the oil market forget about the farce from Doha," said Matt Smith,...