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GLOBAL MARKETS-Stocks scale new peaks on retailer results; oil slips

*Europe stocks near highs; miners, energy weigh. NEW YORK, May 25- World stock markets scaled fresh highs on Thursday, with key U.S. indexes lifted by rosy retailer results, while the U.S. dollar dipped and oil prices fell after top oil producers extended output cuts for a shorter period than expected. Oil prices fell as OPEC prepared to extend supply curbs by nine...

Source: Reuters

US STOCKS-Rare retail bright spot boosts S&P, Nasdaq to records

May 25- The S&P 500 and Nasdaq Composite were in record territory in late morning trading on Thursday, buoyed by strong earnings from the embattled retailer sector. Best Buy surged as much as 17 percent to a record high of $58.99, making it the top gainer on the S&P, as its comparable sales unexpectedly rose last quarter. Tommy Hilfiger- owner PVH was second-biggest...

Source: Reuters

Non-OPEC producers join OPEC in extending oil output cut-delegates

VIENNA, May 25- Non-OPEC oil producers led by Russia agreed on Thursday to join OPEC in extending production cuts for nine months until March 2018, OPEC delegates said. The combined cap on oil output for the Organization of the Petroleum Exporting Countries and non-members was agreed at around 1.8 million barrels per day. The next OPEC and non- OPEC meeting is...

Source: Reuters

U.S., BRENT CRUDE FUTURES DOWN BY $1 A BARREL AFTER OPEC EXTENDS OIL OUTPUT CUTS BY 9 MONTHS

U.S., BRENT CRUDE FUTURES DOWN BY $1 A BARREL AFTER OPEC EXTENDS OIL OUTPUT CUTS BY 9 MONTHS.

Source: Reuters

UPDATE 5-OPEC extends oil output cut by nine months to fight glut

*OPEC ends meeting, Kuwait says cuts extended to March 2018. VIENNA, May 25- OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018 as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. Oil's earlier price decline, which started in 2014, forced Russia and Saudi...

Source: Reuters

After OPEC deal, Texas oil regulator boasts of victory

VIENNA, May 25- OPEC ministers were forced by Texas shale oil producers on Thursday to extend a supply cut into 2018, a regulator from the U.S. state said. "Texas shale producers forced OPEC this morning to extend its oil production cuts for nine months," said Ryan Sitton, of the Texas Railroad Commission. "Less OPEC oil on the market enhances the opportunity for...

Source: Reuters

DTE Biomass Acquires Renewable Natural Gas Facilities

ANN ARBOR, Mich., May 25, 2017/ PRNewswire/-- DTE Biomass Energy today announced it has acquired two landfill gas-to-energy projects in Texas, purchasing both the operating Fort Bend Power Producers, LLC facility just outside of Rosenberg and the Seabreeze landfill gas development project in Angleton. Fort Bend and Seabreeze bring the number of landfill...

Source: PR Newswire

Retailers help US stocks toward records on 6th day of gains

NEW YORK— U.S. stocks are climbing for the sixth day in a row Thursday as strong quarterly results from retailers including Best Buy and PVH give consumer-focused companies a lift. The Russell 2000 index gained 5 points, or 0.4 percent, to 1,387.. The index is composed of smaller and more domestically-focused companies, and new challenges to President Donald...

Source: The Associated Press

UPDATE 7-Oil slips as OPEC prepares to extend output cuts

*OPEC agrees to extend output cuts for nine more months. *Saudi, Iran say deeper OPEC, non- OPEC cuts not needed. LONDON, May 25- Oil prices fell on Thursday as OPEC prepared to extend limits to production by nine months to March 2018 in an attempt to drain a glut that has depressed markets for almost three years.

Source: Reuters

CANADA FX DEBT-C$ pulls back from 5-week high as oil prices slide

*Canadian dollar at C $1.3431, or 74.45 U.S. cents. *Loonie touches its strongest since April 19 at C $1.3388. TORONTO, May 25- The Canadian dollar weakened against its U.S. counterpart on Thursday, pulling back from a five-week high as oil prices fell after OPEC signaled it would go no further with production cuts than markets previously expected.

Source: Reuters