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Oklahoma set to overturn local drilling controls as backlash brews

OKLAHOMA CITY/ WASHINGTON, May 20- Facing a backlash over the side effects of its oil and gas boom, Oklahoma is poised to overturn an 80- year-old statute that allows cities and towns to ban drilling operations within their borders. The move by Oklahoma's Republican-majority legislature follows a similar law signed on Monday by Texas Governor Greg Abbott in...
Source: Reuters | By: Heide Brandes and Yeganeh Torbati
Here are 11 overachieving companies

There are 11 companies in the S&P 500 where analysts have boosted their profit forecasts for the second quarter, USA Today reports.
Source: USA Today | By: Matt Krantz
RPT-ANALYSIS-Some U.S. oil drillers see more output, but not by much

They came from companies as large as Occidental Petroleum, which pumped nearly 200,000 bpd or over 2 percent of U.S. crude in the first quarter, and as small as Carrizo Oil& Gas Inc., which produced about a tenth as much. Bellwether shale firms including EOG Resources and Whiting Petroleum Corp maintained production forecasts from earlier this year, sticking to...
Source: Reuters | By: Jonathan Leff
UPDATE 2-Permian basin sees first rig increase since oil rout -Baker Hughes

Energy companies increased by one each the number of oil rigs in the Permian basin of West Texas and eastern New Mexico- the biggest and fastest growing U.S. shale oil field- and in the Barnett in Texas. That was the first increase in the Permian since December and the first in the Barnett since March, oil services company Baker Hughes Inc said on Friday.
Source: Reuters
Oil market 'not out of the woods yet'

The price of oil has made minor gains over the past few weeks or so but analysts tell CNBC it's not yet time to celebrate.
Source: CNBC.com | By: Kalyeena Makortoff
Stocks close sharply lower as bulls fail to hold market milestones

U.S. stocks closed about 1 percent lower on Tuesday as investors eyed higher bond yields, mixed domestic data and renewed concerns over Greece.
Source: CNBC.com | By: Evelyn Cheng
Stocks close higher as Street eyes data, Fed speakers; financials lead

U.S. stocks closed higher, following positive momentum from Europe, as investors looked to Fed speeches and data for signals on rate hike timing.
Source: CNBC.com | By: Evelyn Cheng
What matters to markets this week

Influences from abroad may first drive stocks, bonds and the dollar.
Source: CNBC.com | By: Patti Domm
Jobs report is big but watch out for Europe

Influences from abroad may first drive stocks, bonds and the dollar.
Source: CNBC.com | By: Patti Domm
Stocks rally 1% with Dow up triple digits; biotech, Apple recover to boost Nasdaq

U.S. stocks closed higher, recovering from the prior day's selloff, as investors eyed higher Treasury yields and looked for signs of economic growth.
Source: CNBC.com | By: Evelyn Cheng