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WRAPUP 2-Exxon Mobil profit disappoints Wall Street, Chevron shines

HOUSTON, July 28- Exxon Mobil Corp posted a rare earnings miss on Friday, the only international oil producer to do so last quarter, as production slipped in its African and Canadian operations. Chevron for years has downplayed profits to spend heavily on megaprojects in Australia, the U.S. Shares of Exxon fell about 2.0 percent to $79.17 in Friday afternoon...

Source: Reuters

British Columbia opposition leader resigns after fall from power

July 28- The leader of British Columbia's Official Opposition Christy Clark has resigned, her Liberal Party said on Friday, weeks after her government was ousted through a vote of non-confidence in the legislature of the western Canadian province. The right-leaning Liberal Party, unrelated to Canada's governing federal Liberals, said in a statement the...

Source: Reuters

WRAPUP 1-Exxon Mobil profit disappoints Wall Street, Chevron shines

HOUSTON, July 28- Exxon Mobil Corp posted a rare earnings miss on Friday, the only international oil producer to do so last quarter, as production slipped in its African and Canadian operations. Chevron for years has downplayed profits to spend heavily on megaprojects in Australia, the U.S. Shares of Exxon fell about 2.0 percent to $79.17 in Friday afternoon...

Source: Reuters

Venezuela could become first oil state to 'fully fail,' analyst warns

Venezuela is teetering on the brink of a major meltdown and a key vote on Sunday could send the country over the edge, a top commodities strategist said.

Source: CNBC.com

UPDATE 6-Oil jumps to 2-month high, heads for biggest weekly rise of 2017

*Shell extends force majeure of Nigeria's Bonny Light oil. Brent crude futures were up 86 cents at $52.35 a barrel at 1:27 p.m. EDT after reaching a two-month high of $52.68 a barrel. West Texas Intermediate crude futures were up 57 cents at $49.61 a barrel, after also touching a two-month peak of $49.78 a barrel.

Source: Reuters

Apple could save the day for tech stocks and the market

July's jobs report and Apple earnings are the big events for a stock market that suddenly has become a shade less confident.

Source: CNBC.com

US Treasurys higher as bond investors digest GDP data

U.S. government debt prices were higher on Friday, as investors digest data releases including gross domestic product (GDP).

Source: CNBC.com

US rig count increases by 8 this week to 958

HOUSTON— The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 958.. Among major oil- and gas-producing states, New Mexico gained four rigs, Oklahoma increased by three and Louisiana, Ohio, West Virginia and Wyoming each gained one. Alaska, Arkansas, California, Colorado, North Dakota, Pennsylvania and Utah were all unchanged.

Source: The Associated Press

Hedge funds making risky bet on Venezuelan bonds ahead of widely condemned vote

One particular trade is in the November 2017 bond of the state-owned oil company, which faces the possibility of sanctions.

Source: CNBC.com

U.S. DRILLERS ADD 10 OIL RIGS IN JULY, LEAST IN A MONTH SINCE MAY 2016 -BAKER HUGHES

DRILLERS ADD 10 OIL RIGS IN JULY, LEAST IN A MONTH SINCE MAY 2016- BAKER HUGHES.

Source: Reuters