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Energy Commodities Oil

  • An opposition activist clashes with the police as they block the Francisco Fajardo highway in Caracas during a demonstration against President Nicolas Maduro's government on May 29, 2017.

    Julio Borges suggested Goldman Sachs would not be paid back after it purchased state oil giant PDVSA's distressed debt.

  • NEW YORK, May 30- Oil prices fell about 1 percent on Tuesday, on signs of resurgent crude output in Libya and concerns that extended production cuts by leading exporting countries may not be enough to drain a global glut that has depressed prices for almost three years. Brent crude fell 76 cents, or 1.45 percent, to $51.53 a barrel by 1:00 p.m. EDT, while U.S. light...

  • SAO PAULO, May 30- Latin American currencies seesawed on Tuesday as falling oil prices and a strong batch of U.S. economic figures fueled caution among traders. Signs of a resurgence in Libya's oil output reignited concerns over global oversupply, hammering prices of crude futures. The slump dampened demand for commodity-linked assets, with oil-heavy...

  • Futures Now: Energy complex falls

    The "Futures Now" team of Scott Nations and Brian Stutland discuss energy stocks with Jackie DeAngelis.

  • Cooperman: Oil prices to end the year closer to $60

    Leon Cooperman, CEO of Omega Advisors, discusses his top stock picks.

  • *OPEC extension of supply limits fails to impress market. Brent crude fell 87 cents, or 1.7 percent, to $51.42 a barrel by 11:50 a.m. EDT, while U.S. light crude was 59 cents, or 1.2 percent, lower at $49.21. Collective output by OPEC and other producers will be held around 1.8 million barrels per day below its level at the end of last year.

  • TORONTO, May 30- Canada's main stock index fell on Tuesday as broad declines among oil and gas companies, partly hurt by a slide in crude oil prices, offset a moderate rise by Bank of Nova Scotia and slight gains in other sectors. Shares in Kinder Morgan Canada Ltd debuted at C $16.06 on the TSX after raising C $1.75 billion in an initial public offering at C $17.00 each...

  • Deepwater drilling is back to challenge shale, says Wood Mackenzie.

    Goldman Sachs has downgraded its estimations for oil prices for this year, citing a potential rise in shale gas production, new projects and OPEC restrictions.

  • Men work for Iraqi Drilling Company at Rumaila oilfield in Basra, Iraq,

    John Kilduff, Again Capital, weighs in on why oil prices dropped after last week's meeting of oil ministers.

  • *Jury still out on OPEC attempt to balance supply and demand. Benchmark Brent crude was down 45 cents a barrel at $51.84 by 1000 GMT, having gained 14 cents on Monday. Collective output by OPEC and other producers will be held around 1.8 million barrels per day below its level at the end of last year.

  • *Jury still out on OPEC attempt to balance supply and demand. Benchmark Brent crude was down 40 cents a barrel at $51.89 by 0840 GMT, having gained 14 cents on Monday. Collective output by OPEC and other producers will be held around 1.8 million barrels per day below its level at the end of last year.

  • *U.S. summer driving season kicks off on Memorial Day. West Texas Intermediate crude futures climbed above $50 per barrel early on Tuesday, before dipping back to $49.78 by 0655 GMT, down 2 cents from their last close. The American Automobile Association said ahead of Memorial Day that it expected 39.3 million Americans to travel 50 miles or more away from home...

  • *U.S. summer driving season kicks off on Memorial Day. West Texas Intermediate crude futures climbed above $50 per barrel early on Tuesday, before dipping back to $49.75 by 0615 GMT, down 5 cents, or 0.1 percent, from their last close. The American Automobile Association said ahead of Memorial Day that it expected 39.3 million Americans to travel 50 miles or more...

  • *U.S. summer driving season kicks off on Memorial Day. West Texas Intermediate crude futures climbed above $50 per barrel early on Tuesday, before dipping back to $49.81 by 0631 GMT, virtually unchanged from their last close. The American Automobile Association said ahead of Memorial Day that it expected 39.3 million Americans to travel 50 miles or more away...

  • *U.S. summer driving season kicks off with Memorial Day. SINGAPORE, May 30- A run by U.S. oil prices towards $50 a barrel ran out of steam on Tuesday as persistent concerns of oversupply outweighed signs of a strong start to the American summer driving season. West Texas Intermediate crude futures climbed above $50 per barrel in early trading on Tuesday, but dipped...

  • Men work for Iraqi Drilling Company at Rumaila oilfield in Basra, Iraq,

    Oil prices fell on signs of resurgent Libyan output and concerns that production cuts by exporting nations won't be enough to drain a glut.

  • People participate in an opposition rally in Caracas, Venezuela, April 8, 2017. The sign reads "no more repression".

    Venezuela's National Assembly leader threatened a later government may refuse to pay $2.8 billion in bonds that Goldman recently purchased.

  • SINGAPORE, May 30- U.S. crude oil prices rose towards $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead. West Texas Intermediate crude futures climbed above $50 per barrel in early trading on Tuesday, and were at $494.97 per barrel at 0032 GMT, still up 17 cents from their last...

  • SINGAPORE, May 30- U.S. crude oil prices rose towards $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead. West Texas Intermediate crude futures climbed above $50 per barrel in early trading on Tuesday, and were at $494.97 per barrel at 0032 GMT, still up 17 cents from their last...

  • The next catalyst to push oil prices above $50 could be Venezuela. Here's why

    Venezuela's political instability could affect production levels and lead to a global supply disruption, says Andy Lipow of Lipow Oil Associates.