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UPDATE 9-Oil rockets from 12-year low on renewed talk of OPEC cut

*Market lifted by UAE comments on potential coordinated OPEC cut. NEW YORK, Feb 12- U.S. crude prices jumped more than 10 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets added to the risk appetite in oil. The UAE's comments, coming after vain efforts earlier in the week by...
Source: Reuters | By: Barani Krishnan
UPDATE 8-Oil jumps 12 pct from 12-year lows on renewed OPEC cut hopes

*Market lifted by UAE comments on potential coordinated OPEC cut. NEW YORK, Feb 12- U.S. crude prices jumped 12 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets and the euro added to the risk appetite in oil. The UAE's comments, coming after vain efforts earlier in the week...
Source: Reuters | By: Barani Krishnan
UPDATE 7-Oil claws higher, but weekly loss looms on supply excess

LONDON, Feb 12- Oil prices jumped on Friday on prospects for a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle, and was up 4.5 percent at $31.42 per barrel at 1510 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...
Source: Reuters | By: Libby George
UPDATE 6-Oil prices claw higher, but weekly loss looms on supply excess

LONDON, Feb 12- Oil prices jumped on Friday on prospects of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle and was up 4.42 percent at $31.39 per barrel at 1216 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...
Source: Reuters | By: Libby George
UPDATE 5-Oil prices jump but weekly losses and physical excess loom

LONDON, Feb 12- Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against its previous settlement and was up 4.9 percent at $31.53 per barrel at 0938 GMT. "The comments by the UAE oil minister are pushing prices up... but we're still in a...
Source: Reuters | By: Libby George
Oil gains 12.3% in best day since Feb '09

Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates.
Source: Reuters
Why buying into the sell-off is still sound: Pro  

Greylock Capital's Hans Humes and Adviser Investments' Jim Lowell discuss swings in a fear-driven market presenting investing opportunities.
Source: CNBC.com
Quality control chief leaves scandal-hit Volkswagen

FRANKFURT, Germany— Volkswagen says its quality control chief is leaving the company. Frank Tuch, 48, is being replaced as the company deals with a scandal over diesel vehicles equipped to cheat on emissions testing. Volkswagen is being sued by the U.S. Justice Department over some 600,000 vehicles that turned off emissions controls when not being tested.
Source: The Associated Press
VW's former quality chief quits as CEO pushes overhaul

BERLIN, Feb 8- Volkswagen's former head of group quality control Frank Tuch has left the carmaker as chief executive Matthias Mueller overhauls senior management positions following the emissions test-rigging scandal. Volkswagen said on Monday that Tuch quit the company at his own request "to take on new responsibilities elsewhere". Tuch was appointed as...
Source: Reuters
Lufthansa, Iberia defeat U.S. passenger appeals over flight delays

Tuesday's decision by Judge Richard Posner of the 7th U.S. Circuit Court of Appeals highlights the hurdles that passengers can face in holding carriers liable for travel snags, including when foreign laws or code-sharing arrangements are involved. In the first case, the appeals court said Deutsche Lufthansa AG owed nothing to a California man who arrived in...
Source: Reuters | By: Jonathan Stempel