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  • Russia's Energy Minister Alexander Novak (L) and Saudi Arabia's Energy Minister Khalid al-Falih leave a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, December 10, 2016.

    Oil producers will meet in Abu Dhabi next week to figure out how to improve compliance with a deal to cut output.

  • The Week Ahead

    CNBC's Contessa Brewer looks ahead to what are likely to be next week's top business and financial stories.

  • *OPEC oil exports hit record high in July. NEW YORK, Aug 4- Oil prices rose on Friday after a strong U.S. jobs report bolstered hopes for growing energy demand, but crude prices declined for the week, pressured by rising OPEC exports and strong U.S. output. "Oil prices were supported by good news this morning on the U.S. jobs front," said Andrew Lipow, president of Lipow Oil...

  • Aug 4- U.S. energy firms cut the number of oil rigs for the second in three weeks, slowing the pace of a 15- month drilling recovery, amid plans to spend less in reaction to declines in crude prices over the past several months. RIG-OL-USA- BHI> There were 381 active oil rigs during the same week a year ago. U.S. crude production in May hit a 16- month high on gains in Texas and...

  • Aug 4- U.S. energy firms cut oil rigs for a second week in three, slowing the pace of a 15- month drilling recovery, as the companies plan to spend less in reaction to declines in crude prices over the past several months. Drillers cut one oil rig in the week to August 4, bringing. RIG-OL-USA- BHI> There were 381 active oil rigs during the same week a year ago.

  • PACE OF U.S. OIL RIG ADDITIONS SLOWS DUE TO DECLINE IN CRUDE PRICES.

  • *OPEC oil exports hit record high in July. NEW YORK, Aug 4- Oil prices rose after a strong U.S. jobs report bolstered hopes for growing energy demand, but crude prices remained on track for a small weekly decline, pressured by rising OPEC exports and strong output from the United States. "Oil prices were supported by good news this morning on the U.S. jobs front," said...

  • *OPEC oil exports hit record high in July. LONDON, Aug 4- Oil prices recouped earlier losses on Friday but remained on track for a weekly decline, weighed down by rising OPEC exports and strong output from the United States. "Increasing OPEC production and increasing OPEC exports are the reason the market has been trading lower," PVM Oil Associates analyst Tamas...

  • *OPEC oil exports hit record high in July. LONDON, Aug 4- Oil prices edged lower on Friday and were on track for weekly losses, weighed down by rising OPEC exports and strong output from the United States. "Increasing OPEC production and increasing OPEC exports are the reason the market has been trading lower," said PVM Oil Associates analyst Tamas Varga.

  • Employees torque a pipe at a wedge well at Christina Lake, a situ oil production facility half owned by Cenovus Energy and ConocoPhillips, in Conklin, Alberta, Canada.

    Oil market is expected to see a downward correction this quarter but Brent prices will move higher in the final quarter of this year, according to Barclays.

  • *OPEC oil exports hit record high in July. LONDON, Aug 4- Oil prices edged lower on Friday and were on track for weekly losses, weighed down by rising OPEC exports and strong output from the United States. "Increasing OPEC production and increasing OPEC exports are the reason the market has been trading lower," said PVM Oil Associates analyst Tamas Varga.

  • *OPEC oil exports hit record high in July. *Russia's Rosneft production at 4.57 million bpd in Q2. SINGAPORE, Aug 4- Oil markets were little changed on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC.

  • *OPEC oil exports hit record high in July. SINGAPORE, Aug 4- Oil markets dipped on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC. West Texas Intermediate crude futures were at $48.93 per barrel at 0345 GMT, down 10 cents, or 0.2 percent, from their last close and around 90 cents for...

  • SINGAPORE, Aug 4- Oil markets opened weak on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC. Brent crude futures, the international benchmark for oil prices, were at $51.99 a barrel, down 2 cents from their last close and around 60 cents below the start of the week.

  • An oil well owned and operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas.

    Oil prices rose after a strong U.S. jobs report bolstered hopes for growing energy demand, but crude remained on track for a weekly decline.

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Andy Hall, CEO of Astenbeck Capital Management LLC.

    In July, the veteran oil trader told investors in a letter that the global crude market had "materially worsened."

  • Andy Hall, CEO of Astenbeck Capital Management LLC.

    Andrew Hall is closing his main Astenbeck hedge fund, according to CNBC's Leslie Picker, after posting large loses in the first half of the year.

  • Natural gas inventories up 20 billion cubic feet

    CNBC's Jackie DeAngelis reports the latest natural gas inventories from the EIA.

  • A worker loads automotive tires onto a conveyor belt at the Continental Tire Sumter plant distribution warehouse in Sumter, South Carolina.

    Continental's second-quarter adjusted operating profit fell 10 percent as the auto parts maker raised spending on production and R&D capacities.