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     Chevron  stock is rising by 4.82% to $76.63 early afternoon trading on Thursday, as oil prices continue to climb on strong U.S. economic data and a drop in U.S. crude stockpiles. WTI crude is up 6.68% to $41.18 per barrel, while Brent crude is gaining 6.28% to $45.85 per barrel, according to the CNBC.com index.

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    Shares of Oasis Petroleum (OAS) are gaining by 10.72% to $9.19 in early afternoon trading on Thursday, as some stocks within the energy sector get a boost from the rally in oil prices. Crude oil is higher by 6.94% to $41.28 per barrel and Brent crude is jumping by 6.63% to $46 per barrel this afternoon, according to the CNBC.com index.

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    * Second-qtr GDP rose 3.7 pct vs earlier reading of 2.3 pct. * Weekly jobless claims fall more than expected. * World bourses gain after brutal week. * All 10 S&P sectors higher; led by energy. * Indexes up: Dow 1.57 pct, S&P 1.77 pct, Nasdaq 1.86 pct. By Tanya Agrawal.

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    Shares of Marathon Oil (MRO) were gaining 7.2% to $15.70 on Thursday, as oil prices were rebounding from recent losses. WTI crude oil for October delivery was up 4.06% to $40.94 a barrel on Thursday morning, and Brent crude for October delivery was up 5.86% to $45.67 a barrel.

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     Nabors Industries stock is rising by 11.35% to $10.69 in late morning trading on Thursday, after oil prices rebounded on an unexpected drop in U.S. crude inventories and as equity markets rallied. WTI crude is gaining 7.31% to $41.42 per barrel, while Brent crude is up 7.05% to $46.18 per barrel, according to the CNBC.com index.

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    * U.S. yields rise to one-week highs * U.S. Q2 GDP revised up more than expected * U.S. to sell $29 bln 7-year notes * Fed's George backs 'wait and see' approach on rate hikes By Richard Leong NEW YORK, Aug 27 (Reuters) - Most U.S. Treasuries prices fell on Thursday, with benchmark yields hitting one-week highs as a recovery in global stock markets and a surprisingly strong revision to second-quarter U.S. growth stoked selling in low-risk government debt. Signs of stabilization in stock and commodity prices rekindled the view the Federal Reserve would raise interest rates by year-end. On Wednesday, New York Federal Reserve President William Dudley said the prospect of a September rate hike "seems less compelling to me than it was a few weeks ago" due to recent global market turbulence. "The market is moving on good economic data and higher stock prices. We have retraced the whole move since last week's global market sell-off," said Thomas Roth, executive director of U.S. government bond trading at Mitsubishi UFJ Securities USA in New York. The Commerce Department said on Thursday U.S. gross domestic product grew at a 3.7 percent annual pace in the quarter ended in June, faster than the 2.3 percent rate reported last month and beating the 3.2 percent rate forecast by economists Reuters polled. The housing sector remained an encouraging sector as private data showed pending home sales grew 0.5 percent in July, albeit slower than expected. The latest data allayed some concerns about a rapid deterioration in the U.S. economic expansion due to worries about China's economy and shaky stock markets. On the heels of Dudley's comments, Kansas City Fed chief Esther George who told Fox Business Network on Thursday the Fed should take a "wait and see" approach on hiking rates, while a top Chinese central bank official told Reuters the U.S. central bank would harm the global economy if it were to raise rates prematurely. Overnight indexed swap rates implied traders still see a modest 25 percent chance the Fed will raise interest rates in September. They suggested traders see more than a 50 percent likelihood of a December rate increase. Against a less-jittery backdrop, the Treasury Department will sell $29 billion in seven-year notes, the last part of this week's $90 billion fixed-rate debt supply. Poor demand at the two-year and five-year sales earlier this week raised questions about foreign appetite for Treasuries, especially in China. On the open market, benchmark 10-year Treasuries notes were down 3/32 in price to yield 2.184 percent, up 1 basis point from Wednesday, while two-year notes fell 2/32 to yield 0.703 percent, up 4 basis points. (Reporting by Richard Leong)

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    Chesapeake Energy  stock is soaring by 10.41% to $7 in mid-morning trading on Thursday, as oil prices recover some of this week's losses. After dipping below $38 per barrel on Monday, crude oil is climbing by 5.05% to $40.55 per barrel this morning, and Brent crude is up by 4.54% to $45.10 per barrel, according to the CNBC.com index.

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    Shares of Whiting Petroleum (WLL) were gaining by 13.9% to $16.74 on Thursday morning, as oil prices rebounded from recent losses. WTI crude oil for October delivery was up 4.72% to $40.42 a barrel Thursday morning, and Brent crude oil for October delivery was up 4.45% to $45.06 a barrel.

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    All 40 energy stocks in the S&P 500 were trading higher Thursday as the stock market extended gains following an upward revision of the U.S. gross domestic product growth and a rebound in the benchmark Chinese stock index. A also helped to buoy the energy sector. Newfield Exploration Co. (NFX) jumped 11% while Consol Energy Inc. (CNX) added 8.5%, and Chesapeake Energy Corp. (CHK) rose 8.8%.

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    Shares of WPX Energy (WPX) were gaining by 7.1% to $6.22 on Thursday morning, as oil prices rebounded from recent losses. WTI crude oil for October delivery was up 4.22% to $40.23 a barrel on Thursday morning, and Brent crude oil for October delivery was up 4.2% to $44.95 a barrel.

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    * Markets appear to have established short-term floors * Saudi petrochemical shares surge on stronger oil * But long-term uncertainty over oil, economic policy remains * Trading turnover shrinks; FX forwards, CDS still high * Egypt's Pioneers Holding leaps after Q2 earnings By Andrew Torchia DUBAI, Aug 27 (Reuters) - Major Gulf stock markets rose sharply on Thursday, suggesting they had established short-term floors after several weeks of heavy selling, but their long-term outlook remained murky because of unstable oil prices. The Saudi Arabian stock index climbed 3.0 percent to 7,604 points. It has now rebounded 10 percent from a 29-month low of 6,921 points hit on Monday, but remains 16 percent below its level at the end of last month. Shares in petrochemical firms, their profit margins closely linked to oil prices, surged as Brent crude rose nearly 4 percent to almost $45 a barrel. The petrochemical sector index jumped 5.3 percent as the biggest company, Saudi Basic Industries Corp, gained 4.8 percent. The Saudi market's slide this month brought down valuations which many funds had considered excessive; at this week's low, the market's forward price-to-earnings ratio was down to about 12 times, reasonable by historical standards. Nevertheless, basic reasons for this month's investor panic - the damage which cheap oil is doing to Saudi state finances and the fact that the government has not revealed details of its economic strategy to handle an era of cheap oil - have not disappeared. Several market indicators on Thursday suggested investor confidence remained fragile. Stock trading turnover fell even as stock prices rose, while dollar/riyal forwards and Saudi credit default swaps, used to hedge against the risk of a currency devaluation or a sovereign debt default, stayed unusually high. Dubai's stock index surged 4.0 percent to 3,648 points, leaving it up 13 percent from this month's low, hit on Monday, but 12 percent below its end-July level. INTEREST RATES Property stocks, sensitive to interest rates, were particularly strong after New York Federal Reserve President William Dudley said on Wednesday that the prospect of a September interest rate hike in the United States "seems less compelling" because of unstable global markets. Emaar Properties gained 4.8 percent. Some volatile stocks favoured by local retail investors soared, with Amlak Finance jumping 9.1 percent. Port operator DP World also fared well, surging 8.7 percent after it posted interim earnings. It reported a 22 percent rise in first-half net profit to $405 million, partly because of gains from an acquisition; analysts had predicted a mean $400 million, Thomson Reuters data showed. Abu Dhabi's market rose 3.0 percent as Aldar Properties surged 6.9 percent. Qatar was up 3.1 percent as Gulf International Services, the most heavily traded stock, added 5.5 percent. The drilling rig provider's earnings are closely correlated with the oil industry. Outside the Gulf, Egypt's market closed 3.0 percent higher as equity market sentiment around the world improved. Beaten-down property developer Emaar Misr soared 10.3 percent. Pioneers Holding jumped 10.0 percent after posting a second-quarter net profit of 321.9 million Egyptian pounds ($41.14 million), up from 96 million a year earlier, on strong revenue growth at its subsidiaries. THURSDAY'S HIGHLIGHTS SAUDI ARABIA * The index rose 3.0 percent to 7,604 points. DUBAI * The index surged 4.0 percent to 3,648 points. ABU DHABI * The index rose 3.0 percent to 4,461 points. QATAR * The index gained 3.1 percent to 11,295 points. EGYPT * The index climbed 3.0 percent to 7,079 points. KUWAIT * The index rose 1.1 percent to 5,877 points. OMAN * The index edged up 0.6 percent to 5,817 points. BAHRAIN * The index edged down 0.1 percent to 1,302 points.

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    Shares of Denbury Resources (DNR) were gaining by 7.3% to $3.68 on Thursday morning, as oil prices were rebounding today. WTI crude oil for October delivery was up 4.04% to $40.16 a barrel Thursday morning, and Brent crude oil for October delivery was up 3.99% to $44.86 a barrel.

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    Shares of energy company Petrobras   are higher by 6.92% to $4.79 in early morning trading on Thursday, as oil prices rebound with global markets. U.S. stocks ended a six-day losing streak yesterday, as the stock market closed with the biggest one-day gain in nearly four years, and the Shanghai Composite Index closed up today for the first time in five sessions, The Wall Street Journal reports.

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    Volatility is back in the stock market in a big way, and it isn't going anywhere quickly. Why? The result has been that the so-called or volatility index, which measures projected volatility in the S&P 500 as well as the SPDR S&P 500  exchange-traded fund that tracks the index, has more than doubled since mid-month as stock markets tumbled around the globe.

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    Shares of energy company Petrobras   are higher by 5.91% to $5.38 in early morning trading on Thursday, as oil prices rebound with global markets. U.S. stocks ended a six-day losing streak yesterday, as the stock market closed with the biggest one-day gain in nearly four years, and the Shanghai Composite Index closed up today for the first time in five sessions, The Wall Street Journal reports.

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    * Second-qtr GDP rose 3.7 pct vs earlier reading of 2.3 pct. * Weekly jobless claims fall more than expected. * World bourses gain after brutal week. * Tiffany falls after forecasting profit decline. * Indexes up: Dow 1.38 pct, S&P 1.47 pct, Nasdaq 1.58 pct. By Tanya Agrawal.

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    Shares of Abbott Laboratories   are gaining 3.82% to $43.98 in pre-market trading on Thursday, amid a potential takeover bid for St. Jude Medical , Abbott has been working with advisers that might include JP Morgan  and Citi  for several weeks, in order to prepare its finances for a cash and shares offer valued around $25 billion for the medical device maker, The Financial Times reports.

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     Dollar General (DG) stock is declining 3.01% to $74.40 in pre-market trading on Thursday, after the company reported revenue that missed estimates for the second quarter of fiscal 2015. The company posted earnings of 95 cents per share for the quarter ended July 31, a 14% year-over-year increase.