Top News & Analysis Oklahoma

  • NEW YORK, June 6- Oil prices rose for a third straight day on Monday, as crippling attacks on Nigeria's oil industry and fresh draws in U.S. crude stockpiles boosted prices even though gains were pared later on renewed expectations of a U.S. interest rate hike. Prices rose as industry sources said output of Nigeria's Bonny Light crude had fallen an estimated...

  • *Nigeria attacks cut output by more than 500,000 bpd. NEW YORK, June 6- Oil prices rose on Monday as Nigeria's oil industry reeled from crippling attacks and traders cited data pointing to fresh draws in U.S. stockpiles, but crude futures pared gains after remarks from Federal Reserve Chair Janet Yellen fed expectations that U.S. interest rates could rise this...

  • NEW YORK, June 6- Oil prices rose as much as 2 percent on Monday, up for a third straight session with Brent hitting seven-month highs, as Nigeria's oil industry reeled from crippling attacks and traders said data pointed to fresh draws in U.S. crude stockpiles. Output of Nigeria's Bonny Light crude has fallen by an estimated 170,000 barrels per day following...

  • *Nigeria rebels promise to cut oil output to zero. Supply outages from Nigeria and elsewhere, including Canada, Libya and Venezuela are forcing crude refiners in the United States to draw from domestic stockpiles as imports fall. "At this point, there is no sign that the Nigeria is getting any better, and it's looking worse," said Scott Shelton, energy broker with ICAP...

  • NEW YORK, May 31- Oil prices dipped on Tuesday as a stronger dollar and slide in equity prices sparked profit-taking, but crude futures posted a fourth straight monthly gain as investors bet that the global glut was slowly easing. Caution ahead of weekly U.S. crude inventory data kept investors from pushing prices toward seven-month highs above $50 a barrel.

  • NEW YORK, May 31- Oil prices rose on Tuesday, heading for the four straight monthly gain, with investors betting on higher U.S. fuel demand as peak driving season arrived in the No. 1 oil consumer. Data from market intelligence firm Genscape showed a drawdown of 686,700 barrels at the Cushing, Oklahoma delivery point for U.S. crude futures in the week to May 27, traders...

  • May 27- Williams Cos Inc has informed Energy Transfer Equity LP that it is open to considering a new offer that would amend terms of its $20 billion sale to its larger U.S pipeline peer in an effort to end a stalemate between the companies, according to people familiar with the matter. Energy Transfer's proposed acquisition of Williams has been in doubt for months,...

  • Children lying in the street cool off in the water from a fire hydrant August 1, 2006 in New York City.

    Record temperatures, drought, rain and La Nina: NOAA's Climate Prediction Center has been issuing outlooks for what lies ahead this summer.

  • Crude inventories fell 4.2 million barrels in the week to May 20, compared with analyst expectations for an decrease of 2.5 million barrels, according to data from the Energy Information Administration. "While we do feel the rally could go slightly further and test the psychological $50 level, we also think the rally has been priced in, especially with the impact...

  • Wide variation in Obamacare rates proposed for 2017. What you pay will depend on where you live.

    Proposed price increases for Obamacare plans vary widely across states, and even within states.

  • CHICAGO, May 23- End-users stocking up on hams for the winter holidays pushed their total in U.S. cold storage warehouses in April beyond their five-year averages, an analyst said following Monday's government monthly cold storage report. He added that last month's increased ham stocks also likely reflected product awaiting shipment that was initially...

  • NEW YORK, May 23- Oil prices eased again on Monday after Iran vowed to ramp up output and as the number of rigs drilling for crude in the United States held steady after declining for eight straight weeks. Oil has traded in a $5 range below $50 a barrel for the past month, buoyed by supply disruptions from Canada to Venezuela and Nigeria. "We are still not seeing any...

  • *Brent to average $45/ barrel this year, WTI $45- Goldman. NEW YORK, May 23- Oil prices eased again on Monday after Iran vowed to ramp up output and as the number of rigs drilling for crude in the United States held steady after declining for eight straight weeks. Oil has traded in a $5 range below $50 a barrel for the past month, with prices buoyed by supply disruptions from...

  • *Iran says it has no plan to freeze oil output, exports. *Brent to average $45/ barrel this year, WTI $45- Goldman. NEW YORK, May 23- Oil prices slid early on Monday as Iran vowed to ramp up output and rig reductions paused in the United States, then crude futures pared losses on data showing a stockpile drawdown at the U.S. delivery hub.

  • May 23- Oil prices pared losses on Monday morning after market intelligence firm Genscape reported a drawdown of nearly 1 million barrels at the Cushing, Oklahoma delivery point for U.S. crude futures in the week to May 20, traders said. U.S. crude' West Texas Intermediate futures were down 33 cents at $48.08 a barrel by 10:12 a.m. EDT, after sliding to $47.40...

  • NEW YORK, May 19- Oil traders from Houston to the North Sea are tapping into plentiful storage onshore and offshore, evincing little sign of concern yet about mammoth supply losses from Canada to Nigeria that has knocked out about 2 million barrels a day of output. Traders said there was an overhang of physical oil in Nigeria, with more than 20 June loading cargoes...

  • *Brent at new Nov high near $50; WTI hits fresh peak from Oct. Brent and U.S. crude's West Texas Intermediate futures advanced closer to the $50 a barrel target after the mixed supply-demand data from the U.S. Energy Information Administration. U.S. crude inventories rose 1.3 million barrels in the week to May 13, compared with analysts' expectations for a decrease...

  • NEW YORK, May 18- U.S. crude oil stockpiles rose unexpectedly last week even as gasoline and distillate inventories fell more than expected, data from the Energy Information Administration showed on Wednesday. Crude inventories rose 1.3 million barrels in the week to May 13, compared with analysts' expectations for a decrease of 2.8 million barrels and a 1.1...

  • LONDON, May 18- Oil futures edged lower on Wednesday, off 2016 highs hit in the previous session, as the impact of unplanned supply disruptions from Nigeria and Canada were tempered by rising supplies from elsewhere. International Brent crude futures were trading at $49.05 a barrel at 0858 GMT, 23 cents below their last settlement. Unscheduled supply outages in...

  • State lawmakers voted to keep in place some of the lowest taxes on oil and gas production in the United States- a break worth $470 million in fiscal year 2015 alone. In Newcastle, 23 miles from the capital of Oklahoma City, John Cerny recently learned that the school attended by his five-year-old granddaughter, Adelynn, will open just four days a week next year.