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  • *OPEC expected to keep output target unchanged on Friday. OPEC, which pumps more than a third of the world's oil, is expected to reject any calls for output cuts, continuing to produce about 2 million barrels per day above demand. Oil prices, already volatile from the combination of a flighty dollar and the bearish mood over OPEC, briefly cut losses on the EIA report...

  • NEW YORK, June 3- U.S. crude oil stockpiles fell for the fifth week in a row even as refinery operating rates eased, data from the Energy Information Administration showed on Wednesday. July crude was down 90 cents at $60.36 a barrel at 11:07 a.m. EDT, having swung from $59.69 to $61.43. Brent July crude was down $1.32 at $64.17, having traded from $63.74 to $65.40.

  • *Brent hit by dollar strength, expectation of no OPEC cuts. NEW YORK, June 1- Oil settled down as much as 1 percent on Monday, retreating from Friday's sharp rally on a strong dollar and concern over stubbornly high supplies as OPEC was expected to stick with robust production at its meeting this week. "OPEC continues to produce well above target, and also well above...

  • *Dollar strength, expectation of no OPEC cuts weighs on oil. NEW YORK, June 1- Oil prices fell more than 1 percent on Monday, retreating from the sharp rally of the previous session, on the impact of a strong dollar and worries of stubbornly high supplies as OPEC prepared to meet this week to stick to production targets. "OPEC continues to produce well above target, and...

  • U.S. gas prices edge up to $2.84 a gallon -survey Sunday, 31 May 2015 | 6:58 PM ET

    May 31- The average price of a gallon of regular-grade gasoline in the United States rose 4 cents from two weeks ago to $2.84 a gallon, which was the highest since Nov. 21, the Lundberg survey released on Sunday showed. The average price per gallon in the week ended May 29 was about 85 cents lower than a year ago. Nationally, among the panel of U.S. cities included in the...

  • Anheuser-Busch halts beer production to do this Friday, 29 May 2015 | 12:30 PM ET
    Beer giant Anheuser-Busch stopped production at its Georgia brewery this week to instead produce drinking water for those affected by a deadly bout of historic flooding and storms in Texas and Oklahoma.

    Anheuser-Busch stopped production at its Georgia brewery this week to instead produce drinking water for those affected by deadly floods.

  • A US workplace civil war that's at a tipping point Friday, 29 May 2015 | 10:00 AM ET
    Protesters march around the Capitol after participating in a rally against a "right-to-work" proposal, on Saturday, Feb. 28, 2015, in Madison, Wis.

    The US is split over right to work laws—literally. Exactly half of the 50 states are right-to-work states—the next will tip the balance.

  • Deadly storm leaves 23 dead, 8 missing Thursday, 28 May 2015 | 7:03 AM ET
    Deadly storm leaves 23 dead, 8 missing

    Severe storms ravaged Texas and Oklahoma over the Memorial Day weekend, leaving a deadly path of destruction in its wake. And last night a tornado struck an oil rig in the Texas Panhandle, injuring three people.

  • CHICAGO, May 22- U.S. chicken freezer inventories swelled to a nine-year high in April, led by record-setting leg quarter stocks, on rising production and export challenges partly tied to the bird flu spread in the United States, industry experts said after Friday's monthly cold storage report. The U.S. Department of Agriculture cold storage report for end of...

  • *Islamic State advances in Iraq, Syria raise supply worries. LONDON, May 22- Oil prices slipped on Friday as worries over the impact of war in the Middle East on crude supplies were outweighed by reports of profit-taking ahead of a long weekend. "No one wants to hold open positions ahead of a long weekend so books are being squared, bringing some consolidation," said...

  • *Islamic State advances in Iraq, Syria raise supply worries. LONDON, May 22- Oil prices steadied on Friday as worries over the impact on crude supplies of war in the Middle East were balanced by reports of profit-taking ahead of a long weekend. "No one wants to hold open positions ahead of a long weekend so books are being squared, bringing some consolidation," said...

  • *Coming up: Baker Hughes weekly U.S. rig data. SINGAPORE, May 22- Oil prices edged down on Friday after rising more than 2 percent in the previous session, buoyed by lower U.S. crude inventories and geopolitical tension in the Middle East. West Texas Intermediate for July delivery was at $60.61 a barrel by 0452 GMT, down 11 cents on the day but poised to post gains for the...

  • *Islamic State attacks in Iraq lend further support. NEW YORK, May 21- Oil prices jumped more than 2 percent on Thursday, giving Brent its biggest rally in more than a week, as draws reported in the Cushing delivery point for U.S. crude futures boosted optimism that a supply glut was easing. Fighting in Iraq that raised worries about the security of Middle East oil...

  • *Islamic State attacks in Iraq add further support to prices. NEW YORK, May 21- Oil prices jumped almost 3 percent Thursday, giving Brent its biggest rally in more than a week, as draws reported in the Cushing delivery point for U.S. crude futures boosted optimism that a supply glut was easing. Fighting in Iraq that raised worries about the security of Middle East...

  • UPDATE 6-Oil prices rise as U.S. crudes stocks fall Wednesday, 20 May 2015 | 10:56 AM ET

    *Japan's economy surprises with 2.4 pct annualised growth. Brent futures rose 72 cents to $64.74 a barrel by 1445 GMT, after touching $65.02 earlier in the session. U.S. crude prices rose 41 cents to $58.40 a barrel, easing back from an intraday high of $58.90.

  • OKLAHOMA CITY/ WASHINGTON, May 20- Facing a backlash over the side effects of its oil and gas boom, Oklahoma is poised to overturn an 80- year-old statute that allows cities and towns to ban drilling operations within their borders. The move by Oklahoma's Republican-majority legislature follows a similar law signed on Monday by Texas Governor Greg Abbott in...

  • *Euro falls back below $1.12. NEW YORK, May 19- U.S. and European equities rose to trade near record highs on Tuesday, and the euro tumbled on signals the European Central Bank may accelerate its 1 trillion euro bond-buying program over the next two months. Wall Street's Dow Industrials index closed at an all-time high, though other major U.S. stock indexes mostly...

  • *Housing starts jump to 7.5- yr high. May 19- U.S. stocks ended mixed on Tuesday, with the Dow rising marginally to a second straight record high, as Wall Street digested housing data that some saw as hopeful for an economy struggling to grow. "There really is a lot of fear about the threat of higher interest rates," said Jake Dollarhide, chief executive officer of Longbow...

  • NEW YORK, May 13- Oil prices fell after initially rallying on Wednesday as worries about huge supplies weighed on the market despite a second straight week of draws in U.S. crude. "It looks like a buy the rumor, sell the news event," said John Kilduff, partner at New York energy hedge fund Again Capital. U.S. crude futures settled down 25 cents at $60.50 a barrel, after...

  • NEW YORK, May 13- Oil prices fell after initially rallying on Wednesday as worries about huge supplies weighed on the market despite a second straight week of draws in U.S. crude. "It looks like a buy the rumor, sell the news event," said John Kilduff, partner at New York energy hedge fund Again Capital. U.S. crude futures settled down 25 cents at $60.50 a barrel, after...