Energy

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U.S. Senators urge swaps watchdog to rein in oil majors

WASHINGTON, May 20 - Large energy companies look set to slip through the maze of new rules for derivatives trading, a group of U.S. senators said, urging regulators to tighten oversight to cover all the market.

UPDATE 2-U.S. justices rule for PPL Corp in overseas tax case

WASHINGTON, May 20 - The U.S. Supreme Court on Monday ruled for utility PPL Corp in its dispute with the U.S. Internal Revenue Service over credits the company claimed to offset overseas tax payments.

Utilities, Stocks, Markets 5:21pm EDT

COMMODITIES-Precious metals, oil rebound from early dives

* Raw sugar near 3-year low, arabica coffee down for 5th day

UPDATE 8-Oil ends higher on weaker dollar, supplies weigh

* Coming up: API data on Tuesday, EIA data on Wednesday (Adds settlement prices.)

4:29pm EDT

UPDATE 5-Plains shareholders approve Freeport bid after sweeteners

NEW YORK, May 20 - Freeport-McMoRan Copper & Gold Inc took a big step on Monday in its plan to expand into energy, when Plains Exploration & Production Co shareholders approved the miner's $6 billion takeover deal, sweetened by two special dividends.

Energy
Exxon Mobil Corp $92.52 +0.83%
Chevron Corp $124.78 +1.10%
Schlumberger NV $77.42 +2.22%

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