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International Organizations OPEC

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 8 cents from its previous close at $55.90 per barrel at 1225 GMT. West Texas Intermediate fell by 9...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 10 cents from its previous close at $55.88 per barrel at 1051 GMT. West Texas Intermediate fell by...

  • Commodities tomorrow:

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

  • *OPEC cuts, tension over Syria support market. NEW YORK, April 10- Oil rose toward $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield over the weekend and geopolitical tensions following last week's U.S. missile strike on Syria. On top of that, Libya isn't producing oil, so that's adding to the bullish side of the market, "said Phil Flynn, an...

  • QUITO, April 10- Ecuador's economy shrank for the first time in a decade last year, falling 1.5 percent due to lower oil prices, a strong dollar that hurts the dollarized export-oriented country, and a severe earthquake, the central bank said on Monday. Outgoing President Rafael Correa said over the weekend the OPEC nation's economy grew 1.5 percent year-on-year...

  • A customer prepares to pump gasoline at a Chevron gas station in San Rafael, Calif.

    Gasoline prices have rapidly risen to a 19-month high and could jump another 20 cents per gallon during spring driving season, traders said.

  • *OPEC cuts, tension over Syria support market. NEW YORK, April 10- Oil rose toward $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield over the weekend and geopolitical tensions following last week's U.S. missile strike on Syria. On top of that, Libya isn't producing oil, so that's adding to the bullish side of the market, "said Phil Flynn, an...

  • *Libya's Sharara oilfield shut again- source. *OPEC cuts, tension over Syria support market. LONDON, April 10- Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield, tension over Syria following the U.S. missile strike and signs that an OPEC- led supply cut is helping to clear excess supplies.

  • *Libya's Sharara oilfield shut again- source. *OPEC cuts, tension over Syria support market. LONDON, April 10- Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield and heightened tension over Syria following the U.S. missile strike.

  • *Libya's Sharara oilfield shut again- source. *OPEC cuts, tension over Syria support market. LONDON, April 10- Oil rose further above $55 a barrel on Monday, supported by another shutdown at Libya's largest oilfield and heightened tension over Syria following the U.S. missile strike.

  • *Libya's Sharara oilfield shut again- source. *OPEC cuts, tension over Syria support market. LONDON, April 10- Oil rose further above $55 a barrel on Monday, supported by another shutdown at Libya's largest oilfield and heightened tension over Syria following the U.S. missile strike.

  • *U.S. exports to world to rise as OPEC cuts. SINGAPORE, April 10- Oil prices rose on Monday, supported by strong demand and uncertainty over the conflict in Syria, although another run-up in U.S. drilling activity kept a lid on gains. Brent crude futures, the international benchmark for oil prices, were at $55.49 per barrel at 0701 GMT, up 25 cents, or 0.45 percent, from...

  • An employee holds a control panel as barrels are filled with lubricant oil ahead of shipping at Royal Dutch Shell lubricants blending plant in Torzhok, Russia.

    Oil traded higher on Friday after the United States airstrike on Syria, but noted expert John Kilduff doesn’t expect that to last.

  • *Oil supplies remain abundant despite OPEC cuts. SINGAPORE, April 7- Oil futures surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria, with prices later dropping back as there seemed no immediate threat to supplies. Although Syria has limited oil production, its location in the...

  • *Oil supplies remain abundant despite OPEC cuts. SINGAPORE, April 7- Oil futures surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria, with prices later dropping back as there seemed no immediate threat to supplies. Although Syria has limited oil production, its location in the...

  • SINGAPORE, April 7- Oil prices dipped on Friday as ongoing concerns about oversupply outweighed an OPEC- led production cut and strong refinery activity. Brent crude futures, the international benchmark for oil, were at $54.85 per barrel at 0109 GMT, down 4 cents from their last close. Both figures, however, were higher than at any time during the second half of 2016,...

  • SINGAPORE, April 7- Oil prices dipped on Friday as ongoing concerns about oversupply outweighed an OPEC- led production cut and strong refinery activity. Brent crude futures, the international benchmark for oil, were at $54.85 per barrel at 0109 GMT, down 4 cents from their last close. Both figures, however, were higher than at any time during the second half of 2016,...

  • Commodities tomorrow:

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

  • NEW YORK, April 6- Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buyers out of Asia and shale companies locking in output, both of whom have shown an affinity for far-dated contracts, the CME Group Inc said on Thursday. Shale has since emerged as a resilient rival to the Organization of the Petroleum Exporting Countries...

  • *OPEC trying to help market rebalance, ease oversupply. LONDON, April 6- The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply. The five top traders, who also include Mercuria and Trafigura, expect OPEC to extend output cuts into the...