These are the stocks posting the largest moves before the bell.Market Insiderread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
Dow to open higher; strong retail earnings; Gundlach says Fed lost control; negative-yielding corporate debt soars; and Trump on payroll tax cutMarketsread more
After a rush on refinances, homeowners took a breather last week, despite still seeing the lowest interest rates in about three years.Real Estateread more
Toni Sacconaghi said increased competition abroad is responsible for the weakness in Tesla's sales volume.Investingread more
The growing popularity of cocaine cut with fentanyl — known on the street as a speedball — or combinations of methamphetamine and fentanyl — known as a goofball — are driving...Health and Scienceread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
* U.S. oil output & stock levels surge: https://tmsnrt.rs/2WhrAut
* No immediate OPEC output cut in sight
* Iran, Venezuela exports slump: https://tmsnrt.rs/2Wgoua1 (Updates prices, adds detail)
LONDON, May 2 (Reuters) - Oil fell more than $1 per barrel on Thursday, pulled down by record U.S. crude production that led to a surge in inventories.
Brent crude futures were at $70.84 at 1341 GMT, $1.34 below their last close. Brent is set for a weekly loss, which would break its longest string of weekly gains in a year.
U.S. crude was down $1.47 at $62.13 per barrel, heading for its biggest weekly fall in two months.
U.S. crude stockpiles last week rose to their highest since September 2017, jumping by 9.9 million barrels to 470.6 million barrels as production hit a record high of 12.3 million barrels per day (bpd), government data showed.
"This comes as U.S. refineries head into the spring maintenance period, stoking fears that crude oil demand will be soft and stockpiles will continue to rise," ANZ bank said.
Meanwhile, Poland's energy ministry said it had decided to release mandatory oil reserves following the suspension of contaminated oil deliveries from Russia in April, to secure regular output at local refineries.
Belarus said on Thursday that clean oil had reached it via the Druzhba pipeline from Russia.
The outage has helped push up North Sea crude differentials. <BFO-FOT>
Oil prices have been supported by the political crisis in Venezuela, stricter U.S. sanctions against Iran that allow no more exemptions from May, and as the Organization of the Petroleum Exporting Countries continues to withhold supply.
China has complained to the United States about its Iran sanctions and Turkey said it was unable to replace Iranian imports easily, calling on Washington to review its move.
Oman's energy minister said on Wednesday it was OPEC's goal to extend the production cuts, which started in January, when the group and its allies next meet in June.
Despite the desire of many OPEC members to continue supply cuts, the group may eventually be forced into action to meet demand in a market that has seen prices rise more than 30 percent this year.
Russia has sent signals about potentially increasing output. In April, the country's oil output fell month-on-month, but stayed above OPEC quotas.
"OPEC is like a teabag; it works best in hot water ... The U.S. oil market might just be providing the producer group with the perfect excuse to extend the production agreement for at least another six months," PVM's Tamas Varga said.
Fitch Solutions analysts also warned, beyond Venezuela, of risks to supply from Libya, where a civil war threatens to cut oilfields off from markets.
(Additional reporting by Henning Gloystein in Singapore; Editing by Dale Hudson and Susan Fenton)