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International Organizations OPEC

  • *Trade thin ahead of the long weekend break in U.S. and Britain. NEW YORK, May 26- Oil prices rebounded to rise more than 1 percent on Friday, but Brent crude ended the week nearly 3 percent lower after an OPEC- led decision to extend production curbs did not go as far as many investors had hoped. Trading was light after Thursday's heavy sell-off and ahead of the long...

  • *Oil rebounds, market corrects following OPEC. NEW YORK, May 26- Oil prices recovered on Friday from some of the previous day's steep slide after investor disappointment that OPEC curbs did not go far enough, while Wall Street stocks eked out a seventh straight day of gains. Equities are also down, "analyst Carsten Menke at Julius Baer in Zurich said.

  • *Prices rebound after dive on disappointment over OPEC decision. NEW YORK, May 26- Oil prices rebounded to rise more than 1 percent on Friday, but ended the week nearly 3 percent lower after an OPEC- led decision to extend production curbs did not go as far as many investors had hoped. Crude prices plunged 5 percent after the decision as some market participants had...

  • Bond traders at CME Group

    U.S. government debt prices were mixed on Friday as investors digested a fresh batch of economic data.

  • *Oil rebounds, market corrects following OPEC. NEW YORK, May 26- Oil prices recovered on Friday from some of the previous day's steep slide after investor disappointment that OPEC curbs did not go far enough, while Wall Street pulled back after six days of straight gains. Equities are also down, "analyst Carsten Menke at Julius Baer in Zurich said.

  • Khalid Bin Abdulaziz Al-Falih, Saudi Arabia's energy minister and president of OPEC, speaks during a news conference following the 172nd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, May 25, 2017.

    Oil prices were choppy on disappointment that an OPEC-led decision to extend current production curbs did not go deeper.

  • A boy enjoys his turn on a trampoline

    Next week could be a big one for markets, which will be hit by a wave of economic reports, including jobs and inflation.

  • A customer prepares to pump gasoline at a Chevron gas station in San Rafael, Calif.

    Prices at the pump this Memorial Day weekend are among the lowest in years, thanks to low oil prices and near-record-high-refining volumes.

  • May 26- U.S. energy firms added oil rigs for a record 19 weeks in a row as expectations of higher crude prices after an OPEC- led decision to extend current output curbs motivate producers to boost spending on new drilling. Drillers added two oil rigs in the week to May 26, bringing the total count up to 722, the most since April 2015, energy. Friday, after plunging nearly...

  • *Prices bounce after dive on disappointment over OPEC. NEW YORK, May 26- Oil prices rose more than 1 percent on Friday, a partial rebound from the previous day's steep slide that came when an OPEC- led decision to extend production curbs did not go as far as some investors had hoped. Global benchmark Brent futures rose 50 cents to $51.97 a barrel at 12:29 p.m. EDT, after...

  • *Energy stocks fall after OPEC extends cut. *FTSE 100 hits fresh record high. In the sector, Italian banks Intesa Sanpaolo, Mediobanca and UniCredit reduced losses after earlier falls, while Germany's Deutsche Bank, Bank of Ireland and Britain's Lloyds were among the biggest fallers.

  • Will oil prices continue their rise?

    European bourses closed lower on Friday as losses in energy companies weighed down major bourses.

  • Russia's Energy Minister Alexander Novak, Saudi Arabia's Energy Minister and OPEC conference president Khalid al-Falih, and OPEC Secretary General Mohammad Barkindo attend a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producing countries in Vienna, Austria, May 25, 2017.

    The S&P energy sector trades roughly in line with the index a month after OPEC rolls over policy, but a few stocks outperform.

  • *OPEC raised expectations too high. While OPEC has worked hard in recent years on improving communication to ensure the right message is delivered to financial markets, Thursday's experience showed the 14- member group and its non- OPEC allies still have a long way to go. OPEC agreed on Thursday to extend its existing production cuts by nine months- more than the...

  • *OPEC raised expectations too high. While OPEC has worked hard in recent years on improving communication to ensure the right message is delivered to financial markets, Thursday's experience showed the 14- member group and its non- OPEC allies still have a long way to go. OPEC agreed on Thursday to extend its existing production cuts by nine months- more than the...

  • *OPEC raised expectations too high. While OPEC has worked hard in recent years on improving communication to ensure the right message is delivered to financial markets, Thursday's experience showed the 14- member group and its non- OPEC allies still have a long way to go. OPEC agreed on Thursday to extend its existing production cuts by nine months- more than the...

  • *OPEC raised expectations too high. While OPEC has worked hard in recent years on improving communication to ensure the right message is delivered to financial markets, Thursday's experience showed the 14- member group and its non- OPEC allies still have a long way to go. OPEC agreed on Thursday to extend its existing production cuts by nine months- more than the...

  • Daniel Yergin

    "I think OPEC is actually back in business as a swing producer," says the Pulitzer prize–winning author and leading oil analyst.

  • *OPEC wants to see Texan fields, U.S. bankers visit Vienna. *OPEC needs higher prices, but wary of new U.S. oil boom. OPEC and non- OPEC countries led by Russia agreed on Thursday to extend oil output curbs by nine months to March 2018, keeping roughly 2 percent of global production off the market in an attempt to boost prices.

  • *Canadian dollar at C $1.3456, or 74.32 U.S. cents. TORONTO, May 26- The Canadian dollar edged higher against its U.S. counterpart on Friday as prices of oil, one of Canada's major exports, stabilized after a sharp drop the day before. Oil prices had plunged on Thursday following an Organization of the Petroleum Exporting Countries-led decision to extend current...