Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new reach Monday.Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
The firm upgraded the stock to equal-weight from underweight ahead of the company's earnings on Wednesday.Marketsread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Educationread more
Deutsche Bank denied a report that said some of its executives rejected the advice of the bank's own anti-money laundering specialists and prevented some transactions...Financeread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
* Saudi Arabia oil exports fall to 7 mln bpd in Feb -JODI
* U.S. inventories last week drop for first time in four weeks
* U.S. oil drillers cut rigs for first week in three -Baker Hughes
* Dollar gains over euro after strong U.S. retail sales
* Interactive graphic on inventories https://tmsnrt.rs/2XfuQqn (Adds post-settlement trade for Brent, graphic)
NEW YORK, April 18 (Reuters) - Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.
Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of $72.27. Brent saw a weekly gain of 0.6 percent, marking the fourth consecutive weekly rise for the international benchmark.
In post-settlement trade, the contract added 4 cents to $72.01 a barrel.
U.S. West Texas Intermediate (WTI) crude futures settled at $64.00 a barrel, up 24.00 cents. U.S. futures gained just under 0.2 percent for the week, their seventh weekly gain in a row.
Many financial markets will be closed on Friday for public holidays.
Saudi Arabia's crude oil exports fell by 277,000 barrels to just under 7 million bpd in February from the month before, according to data from the Joint Organizations Data Initiative (JODI).
U.S. crude, gasoline and distillate inventories dropped this week, with crude posting an unexpected drawdown, the first in four weeks, the Energy Information Administration (EIA) data showed on Wednesday.
"I think it's pretty clear that tightening supplies and receding fears of demand growth is a boost to the market to these five month highs," said Gene McGillian, vice president of market research at Tradition Energy in Stamford, Connecticut.
U.S. energy companies this week cut the number of oil drilling rigs for the first time in three weeks as production growth forecasts from shale, the country's largest oil fields, continue to shrink.
The U.S. rig count, an early indicator of future output, fell by eight in the week ending April 18, General Electric Co's Baker Hughes energy services firm said in its weekly report, which was released a day early because of the Good Friday holiday.
Oil has been driven up this year by an agreement reached by the Organization of the Petroleum Exporting Countries and its allies, including Russia, to limit their oil output by 1.2 million bpd.
Global supply has been tightened further by U.S. sanctions on OPEC members Venezuela and Iran.
Iran's crude exports have fallen in April to their lowest daily level this year, tanker data showed and industry sources said, suggesting a reduction in buyer interest ahead of expected further pressure from Washington.
Strong U.S. retail sales data and earnings from industrial companies put global slowdown fears, sparked by underwhelming manufacturing surveys from Asia and Europe, on the back burner.
Thursday's oil rally was kept in check, however, by a rise in the U.S. dollar, which makes crude more expensive for global buyers.
"A significant strengthening in the dollar, especially against the Euro, tended to limit buying interest," Jim Ritterbusch, president of Ritterbusch and Associates, said in a note.
(Additional reporting by Ahmad Ghaddar in LONDON, Colin Packham in SYDNEY, Jane Chung in SEOUL and Aaron Sheldrick in Tokyo; Editing by Sandra Maler and Joseph Radford)