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UPDATE 4-Oil steadies ahead of U.S. inventory data; Brent below $50

Iran crude exports seen up in May, adding to world supply. The U.S. Energy Information Administration will issue official inventory data at 10:30 a.m. EDT. "Historically, the API data has been out of sync with the more widely followed EIA," said Dominick Chirichella, senior partner at the Energy Management Institute in New York.

Source: Reuters

OIL PRICES PARES GAINS IN POST-SETTLEMENT TRADING AFTER API DATA SHOWS SMALLER-THAN-EXPECTED DRAW IN U.S. CRUDE STOCKS

OIL PRICES PARES GAINS IN POST-SETTLEMENT TRADING AFTER API DATA SHOWS SMALLER-THAN-EXPECTED DRAW IN U.S.

Source: Reuters

UPDATE 8-U.S. crude prices hits 7-month high as inventory drop seen

*Canada wildfires rage anew, causing oil firms more woes. *Coming up: API report at 4:30 p.m. EDT. NEW YORK, May 17- Oil prices rose for a second straight day on Tuesday, with U.S. futures hitting seven-month highs, on expectations of a drawdown in U.S. crude stockpiles and a new wildfire threat on Canadian oil supplies.

Source: Reuters

UPDATE 6-Oil jumps on first U.S. inventory draw since March; Brent up 4 pct

*Nigeria says crude flow halted to 2 refineries after attacks. The surprise stockpile drop added to concerns over supply disruptions in Canada and Nigeria that had fueled an oil rally this week. The EIA report "has been quickly viewed as bullish, with the crude draw just about exactly opposite to what API had," said Dominick Chirichella, senior partner at the Energy...

Source: Reuters

UPDATE 2-U.S. crude stockpiles fall for first time since March -EIA

"The report has been quickly viewed as bullish with the crude draw just about exactly opposite to what API had: a 3.4 million barrel build," said Dominick Chirichella, senior partner at the Energy Management Institute in New York, referring to the American Petroleum Institute data released late on Tuesday. Markets extended their gains after the data, with U.S....

Source: Reuters

UPDATE 5-Oil jumps 3 pct after first U.S. crude draw in 6 weeks

NEW YORK, May 11- Oil prices jumped about 3 percent on Wednesday after the U.S. government reported crude inventories fell unexpectedly for the first time since March, adding to concerns over supply disruptions in Canada and Nigeria. The EIA report "has been quickly viewed as bullish, with the crude draw just about exactly opposite to what API had," said Dominick...

Source: Reuters

UPDATE 1-U.S. crude stockpiles fall for first time in six weeks - EIA

NEW YORK, May 11- U.S. crude stockpiles fell unexpectedly last week for the first time since March as imports slipped, U.S. government data showed on Wednesday, after a wildfire curtailed production in Canada, the top source of U.S. oil imports. "The report has been quickly viewed as bullish with the crude draw just about exactly opposite to what API had: a 3.4...

Source: Reuters

UPDATE 8-Oil jumps on outages; API reports big U.S. crude build

*Canada oil sands largely shut, Nigeria output at 22- year low. Crude supply outages in Canada, Nigeria and elsewhere also boosted prices. The market pared gains briefly in post-settlement trade after the American Petroleum Institute, an industry group, said U.S. crude inventories rose by 3.45 million barrels to record highs of 543.1 million during the week...

Source: Reuters

OIL PRICES PARE GAINS SHARPLY IN POST-SETTLEMENT TRADING AFTER API DATA SHOWS BIGGER-THAN-EXPECTED BUILD IN U.S. CRUDE STOCKS

OIL PRICES PARE GAINS SHARPLY IN POST-SETTLEMENT TRADING AFTER API DATA SHOWS BIGGER-THAN-EXPECTED BUILD IN U.S.

Source: Reuters

U.S. CRUDE OIL FUTURES, BRENT FUTURES PARE GAINS AFTER API REPORTS LARGER THAN EXPECTED INVENTORY BUILD

CRUDE OIL FUTURES, BRENT FUTURES PARE GAINS AFTER API REPORTS LARGER THAN EXPECTED INVENTORY BUILD.

Source: Reuters