Latest on Oil

Crude futures gained traction in Asia trade on Friday, driven by a weaker U.S. dollar and signs of the market tightening after major oil producers agreed to cut output.

OPEC Faces Headwinds From Rising Non-OPEC Production

The oil cartel's efforts to take barrels out of the market and drive up prices could backfire as other producers step into the breach, the International Energy Agency said.

U.S. Oil and Gasoline Inventories Rise Sharply

U.S. crude oil inventories increased more than expected to 485.5 million barrels, while stockpiles of gasoline also rose sharply to 246.4 million barrels, according to data released by the Energy Information Administration.

Islamic State Steps Up Oil, Gas Sales to Assad Regime

U.S. and European officials say the salesare providing the militant group with desperately needed cash and the Syrian government with badly needed commodities.

China Predicts Oil-Import Slowdown, But Analysts Skeptical

China's government expects a sharp slowdown in the growth of the country's oil imports, but the forecast is tough to square with the situation on the ground.

Fed Adds to Factors Pushing Oil

With the Fed poised to raise rates at a faster clip than previously anticipated, analysts expect the resulting rise in the dollar and potential blow that implies for emerging markets to weigh on oil prices.

Energy Secretary Candidate Rick Perry Regrets Call to Eliminate Agency

Following a polite, sometimes even humorous confirmation hearing Thursday, former Texas Gov. Rick Perry is likely to receive enough congressional support to be confirmed to lead the Energy Department, despite once calling for its elimination.

GE Earnings: What to Watch

Analysts will be watching to see if General Electric hit its targets for shipments of heavy equipment like power turbines and jet engines by the end of 2016.

PV Oil Stake Is Vietnam's Latest Investor Bait

Vietnam is putting more of its state-owned companies up for sale, as the country looks to lure foreign investors. The latest: a minority stake in PetroVietnam Oil, known as PV Oil.

Woodside Expecting Production to Recover with New Projects

Woodside Petroleum anticipates production levels will recover from next year as its investment in Australian oil and gas projects starts to deliver. .

Dakota Access Pipeline Protesters Arrested

Authorities in North Dakota arrested 21 protesters opposed to the construction of the Dakota Access Pipeline late Wednesday, during the most serious clash between protesters and law enforcement since a move by the Obama administration last month effectively halted the pipeline's construction.

(END) DowJones Newswires

January 20, 2017 00:15 ET (05:15 GMT)

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