* US oil output soars on surging shale: http://tmsnrt.rs/2DrO0Rm
BEIJING, Jan 17 An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square kms (42 square miles), the Chinese government said late on Tuesday, as maritime police scour the area for damage.
LONDON, Jan 16 Hedge funds and other money managers have boosted their bullish position in oil to a new record, but with crude taking over from fuels as the main target of fresh buying.
* Soft commodity prices weigh down material and energy sectors
LONDON, Jan 17 Britain must urgently lay out further policies to meet its domestic emissions targets, the government's climate advisers said on Wednesday.
No related earnings announcements are currently scheduled within the next 7 days.