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  • *Asian shares edge higher after Wall Street gains. While financial markets have expected a Fed rate increase for most of this year as the U.S. economy has shown signs of picking up, those expectations have faded in recent weeks thanks to global financial market turmoil, especially in China. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8...

  • UPDATE 2-Oil prices dip as Japan's exports slow further Wednesday, 16 Sep 2015 | 11:20 PM ET

    SINGAPORE, Sept 17- Oil prices dipped on Thursday after Asia's economies showed new signs of weakness, but prices largely held on to a big jump in the previous session after a U.S. stock draw, with some analysts saying oil markets may have bottomed out. West Texas Intermediate crude futures were trading at $47.04 per barrel at 0259 GMT, down 11 cents from their...

  • SINGAPORE, Sept 17- Oil prices were steady in early trade on Thursday after a large U.S. stock draw tightened the market, while traders kept a close eye on whether the Federal Reserve would later in the day raise interest rates for the first time in almost a decade. Crude prices jumped as much as 6 percent on Wednesday, when data from the U.S. Energy Information...

  • SYDNEY, Sept 17- U.S. wheat fell for a third consecutive session on Thursday to clock up gains of around 3 percent over the period as ample global supplies and a favourable weather outlook continued to pressure prices. *Chicago Board Of Trade December wheat fell 0.31 percent to $4.86-3/ 4 a bushel, having closed down 1.3 percent on Wednesday. *Private exporters...

  • *Cushing alone see sharpest crude drawdown in 7 months. Some speculators in oil had bet on a big U.S. draw since Monday, after market intelligence firm Genscape estimated a drawdown of 1.8 million barrels in Cushing. The Cushing draw itself was 1.9 million, the largest since the week ended Aug. 28.

  • Cushing draw of nearly 2 mln barrels most in 7 months. Some speculators in oil had bet on a big U.S. draw since Monday, after market intelligence firm Genscape estimated a drawdown of 1.8 million barrels in Cushing. The Cushing draw itself was 1.9 million, the largest since the week ended Aug. 28.

  • NEW YORK, Sept 15- U.S. crude rose nearly 3 percent on Tuesday, buoyed by gains on Wall Street, higher gasoline prices and a strong stockpile draw report, while Brent oil advanced less, narrowing the transatlantic spread to the lowest in eight months. U.S. crude futures rallied almost through the day, slipping into the negative only briefly after the White House said...

  • The market's euphoria briefly snapped in the afternoon on news the White House would not back a bill by rival Republicans to repeal a 40- year-old ban on U.S. crude exports. While the White House was never expected to support the bill, its decision still sent U.S. crude prices temporarily into negative territory before a late rally in gasoline brought the market...

  • NEW YORK, Sept 15- U.S. crude oil rose around 2 percent on Tuesday, buoyed by gains on Wall Street while Brent was steady to soft ahead of the front-month contract's expiry, narrowing the trans-Atlantic spread to its lowest in eight months. The American Petroleum Institute will issue its weekly report on U.S. inventories after the market's settlement, at 4:30 p.m....

  • NEW YORK, Sept 15- Oil traded steady to higher on Tuesday, buoyed by gains on Wall Street that helped prices rebound after a tumble in the previous session, ahead of an industry report that's expected to show if U.S. crude stockpiles have fallen after weeks of gains. The American Petroleum Institute will issue its weekly report on U.S. crude inventories after the...

  • *China's slowdown sharper than official data shows- Woodmac. *Venezuela repeats call for OPEC production cut. A weekly report from the American Petroleum Institute is expected on Tuesday while the U.S. Energy Information Administration's report is expected Wednesday.

  • *Venezuela repeats call for OPEC production cut. SINGAPORE, Sept 15- Brent crude oil prices dipped on Tuesday as Asia's economic weakness persisted, extending losses after a sharp fall in the previous session, while U.S. futures were firmer following a report that indicated a drawdown in weekly inventory levels. A weekly report from the American Petroleum...

  • *Venezuela repeats call for OPEC production cut. The weekly report from the American Petroleum Institute is scheduled for release later in the day and that from the U.S. Energy Information Administration for Wednesday. Front-month U.S. crude futures were trading at $44.20 a barrel at 0338 GMT, up 20 cents from the previous session, while Brent was down 9 cents at...

  • *Genscape reports Cushing draw of 1.8 mln barrels last week. NEW YORK, Sept 14- Brent fell almost 4 percent on Monday, narrowing U.S. crude's discount against the global oil benchmark to the lowest level since January, after an industry report of a large supply draw and government data forecasting lower U.S. crude output. "It was a big draw," Scott Shelton, commodities...

  • *Brent-U.S. crude spread at below $2.60, narrowest since Jan 23. *Genscape reports large 1.8 mln barrel Cushing draw last week. "It was a big draw," Scott Shelton, commodities specialist at ICAP in Durham, North Carolina, said, referring to the Genscape estimate, which compares against the previous largest drop of 1.9 million barrels noted for Cushing by the U.S. Energy...

  • WILLISTON, N.D., Sept 14- North Dakota's oil regulators said on Monday they may allow more wells to be temporarily abandoned, a step that would permit producers to delay fracking beyond the typical one-year window and prevent even more crude from flooding onto global markets. Any regulatory change in North Dakota also would assuage market concerns about supply...

  • U.S. crude futures' front-month was down 95 cents at $43.68 a barrel by 11:40 a.m. EDT after declining to as low as $43.59. The front-month in Brent, the global benchmark for crude, was off $1.60 at $46.54, versus a session low at $46.36. If confirmed, the numbers from Genscape would be the largest since the actual drawdown of 1.87 million barrels at Cushing in the week...

  • *OPEC's monthly report out later on Monday. SINGAPORE, Sept 14- Oil prices dipped on Monday in Asia as weakening demand weighed on markets, although U.S. futures received some support from reduced American drilling. Front-month Brent crude futures were down 37 cents at $47.77 per barrel at 0535 GMT.

  • NEW YORK, Sept 14- In shale strongholds of North Dakota and Texas, physical crude grades are trading at the highest premiums to futures prices in years, offering a glimmer of hope that a pickup in global oil markets might follow. West Texas Intermediate crude delivered to Midland, Texas, at the heart of the Permian Basin, is trading at a record $2.75 premium to...

  • Sept 11- Spectra Energy Corp has exited the auction process for rival pipeline company The Williams Companies Inc, raising the possibility that Energy Transfer Equity LP could succeed in buying the company, people familiar with the discussions said. Williams Cos said it rejected the offer because it undervalued the company. Its stock dropped $1.30 on Friday...