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Trading houses predict cautious rise in oil prices

LAUSANNE, Switzerland, April 12 (Reuters) - Oil prices have
probably bottomed out and will rise from now on though the
recovery will be slow due to a huge stocks overhang, some of the
biggest oil trading executives said on Tuesday.

CANADA STOCKS-TSX rises with oil; energy stocks lead gains

TORONTO, April 12 (Reuters) - Canada's main stock index rose
on Tuesday, with energy stocks gaining as oil prices hit a 2016
high.

COLUMN-Cheap oil is blunting drive for fuel efficiency: Kemp

LONDON, April 12 (Reuters) - Fuel consumption is not very
sensitive to a small change in prices in the short run, but if
the price change is large enough and lasts long enough the
amount used can change significantly.

UPDATE 4-Brazil police arrest former senator in Petrobras corruption probe

BRASILIA, April 12 (Reuters) - Brazilian police arrested
former senator Gim Argello on Tuesday, federal prosecutors said,
as part of a two-year corruption investigation that has given
momentum to impeachment proceedings against President Dilma
Rousseff.

MIDEAST STOCKS-Saudi shares boosted by strong banking results; Egypt bourse weak

* Upbeat sentiment towards banking sector spills over to Abu
Dhabi

UPDATE 1-Czech energy group EPH to float stake in infrastructure unit

* Unit sees rising dividend payments in coming years

(Adds details on dividend, debt, direct sale option)

UPDATE 6-Oil hits 2016 high above $43 on producer meeting hopes

* U.S. crude inventories expected to rise this week

(Updates prices, adds analyst's comment in paragraph 9)

Andurand Capital sees large oil inventory draws from next year

LAUSANNE, April 12 (Reuters) - Prominent oil trader Pierre
Andurand said on Tuesday he expects global oil stocks will stop
growing in the next few months and there will be large inventory
draw downs from next year.

UPDATE 1-Italy's Renzi signs potentially huge business deals in Iran

* Memorandums of understanding, credit lines agreed

(Adds details on deals, Renzi comment)

RPT-COLUMN-You can now be positive on commodities, and that's a big change: Russell

SINGAPORE, April 12 (Reuters) - - It would be easy to
dismiss the assertion by BHP Billiton Chief Executive Andrew
Mackenzie that commodity prices have bottomed as the wishful
thinking of a mining executive keen to see some improvement in
profit margins.

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