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Energy Commodities Oil

  • *Ongoing output curbs by OPEC whittling supply overhang. *Supply cuts expected to extend beyond March 2018. SINGAPORE, Oct 31- Oil prices were stable early on Tuesday, supported by a tightening market due to ongoing OPEC- led efforts to cut supplies, although the prospect of rising U.S. shale output dragged.

  • For the last 16 months, Brent prices have been trading in a range of about $45 to $55 per barrel, with hedge funds alternately buying and shorting the market when prices move towards the extremes. But hedge fund managers amassed a near-record net long position of 507 million barrels in Brent by Oct. 24 even as prices were on their way to breaking through the $60- mark...

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices settled higher again on Tuesday, notching a monthly gain of more than 5 percent.

  • *Ongoing supply curbs by OPEC whittling supply overhang. SINGAPORE, Oct 31- Oil prices were stable early on Tuesday, supported by a tightening market due to ongoing OPEC- led efforts to cut supplies, although the prospect of rising U.S. shale output dragged. OPEC is scheduled to meet officially at its headquarters in Vienna, Austria, on Nov. 30.

  • Commodities tomorrow:

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

  • *Saudi Arabia, Russia favour extending oil output cuts. NEW YORK, Oct 30- Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC- led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices. The pact, already renewed once, now runs to March 2018, but Saudi Arabia and Russia, who are leading...

  • Saudis' sweet spot for oil is $60: Helima Croft

    Helima Croft, RBC Capital Markets, discusses Saudi Arabia's hope for oil to go to $60 before Aramco's initial public offering.

  • *Saudi Arabia, Russia favour extending oil output cuts. NEW YORK, Oct 30- Brent oil slipped but held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC- led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices. The pact, already renewed once, now runs to March 2018, but Saudi Arabia and Russia, who...

  • For the last 16 months, Brent prices have been trading in a range of about $45 to $55 per barrel, with hedge funds alternately buying and shorting the market when prices move towards the extremes. But hedge fund managers amassed a near-record net long position of 507 million barrels in Brent by Oct. 24 even as prices were on their way to breaking through the $60- mark...

  • N'DJAMENA/ LONDON, Oct 30- Chad is on a collision course with top creditor Glencore as it wants to divert oil from the Swiss trading house to U.S. energy company ExxonMobil from the new year amid a dispute over debt restructuring. A government document showed that Chad wants to hand over crude oil marketing rights currently held by Glencore under a $1.4 billion...

  • *Saudi Arabia, Russia favour extending oil output cuts. LONDON, Oct 30- Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC- led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices. The Organization of the Petroleum Exporting Countries plus Russia and nine other producers...

  • CRUDE FUTURES RISE TO $54.46 A BARREL, THE HIGHEST SINCE LATE FEBRUARY.

  • The headquarters of Saudi Aramco in Riyadh, Saudi Arabia.

    CNBC's Andrew Ross Sorkin gets an exclusive peek into Saudi Aramco's headquarters.

  • *Saudi Arabia, Russia favour extending oil output cuts. LONDON, Oct 30- Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC- led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices. The Organization of the Petroleum Exporting Countries plus Russia and nine other producers...

  • Weak dollar key indicator on fiscal and monetary policy compromise: ETF Securities' Maxwell Gold

    Maxwell Gold, ETF Securities U.S. director of investment strategy, discusses the Federal Reserve's impact on commodities and the U.S. dollar.

  • *Saudi Arabia, Russia favour extending oil production cuts. SINGAPORE, Oct 30- Oil markets rose on Monday, with Brent remaining above $60 per barrel on expectations that an OPEC- led production cut due to expire next March would be extended, although rising exports from Iraq kept a lid on prices. Brent crude futures, the international benchmark for oil prices, were at...

  • *Saudi Arabia, Russia favour extending oil production cuts. SINGAPORE, Oct 30- Oil markets were firm on Monday, with Brent remaining above $60 per barrel on expectations that an OPEC- led production cut due to expire next March would be extended, although rising exports from Iraq kept a lid on prices. Brent crude futures, the international benchmark for oil prices,...

  • Alan Bannister, regional director, Oil Content, Asia and Middle East, S&P Global Platts, says the spread between WTI and Brent has opened a sales window for U.S. crude to Asia.

  • NEW YORK/ HOUSTON, Oct 30- Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. Most terminal operators and companies will not disclose capacity, and federal agencies like...

  • *Saudi Arabia, Russia favour extending oil production cuts. SINGAPORE, Oct 30- Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC- led production cut due to expire next March would be extended. The pact runs to March 2018, but Saudi Arabia and Russia, who are leading the effort, have both voiced their...