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UPDATE 1-Oil prices dip as global oversupply outweighs strong demand

* Strong gasoline demand pushed U.S. crude up 5 pct previous day

Oil prices dip as global oversupply outweighs strong demand

SINGAPORE, March 10 (Reuters) - Oil prices dipped early on Thursday after U.S.

UPDATE 1-Brazil prosecutors charge Lula in money laundering probe

SAO PAULO/BRASILIA, March 9 (Reuters) - Former Brazilian President Luiz Inacio Lula da Silva was charged in a money laundering investigation led by Sao Paulo state prosecutors on Wednesday, intensifying scrutiny of the politician questioned in a separate federal graft probe last week.

UPDATE 1-ETE makes private offering to help pay for Williams deal

State prosecutors charge Brazil's Lula in money laundering probe

SAO PAULO, March 9 (Reuters) - Sao Paulo state prosecutors have filed charges against former Brazilian President Luiz Inacio Lula da Silva in a money laundering investigation, a spokesman for prosecutors said on Wednesday.

ETE makes private offering to help pay for Williams deal

NEW YORK, March 9 (Reuters) - Energy Transfer Equity , which is in the process of buying rival pipeline company Williams Companies Inc, said it carried out a private offering of convertible shares to some of its investors in order to help pay for the deal.

Shippers say expansion would solve Colonial Pipeline glut

HOUSTON, March 9 (Reuters) - Colonial Pipeline said it has come up with multiple ways to manage its glutted system while trying to be fair to shippers, but a fuel executive for the top U.S. airline said expanding the largest domestic refined products pipeline system would solve the problems.

Lula could join Brazilian government if he wants, minister says

SAO PAULO, March 9 (Reuters) - Former President Luiz Inácio Lula da Silva could join Brazil's government if he wishes, the minister in charge of legislative affairs, Ricardo Berzoini, said on Wednesday, a move that would give him some protection from prosecution.

CANADA STOCKS-TSX rise led by energy, financial stocks as oil rallies

TORONTO, March 9 (Reuters) - Canada's benchmark stock index rose on Wednesday, led by energy stocks as crude oil prices rallied and as financial stocks gained after the Bank of Canada chose to hold interest rates steady.

Brazil prosecutors methods questioned after Lula detained

BRASILIA, March 9 (Reuters) - An investigation into a massive corruption scheme centered on Brazilian state oil company Petrobras enjoys overwhelming public support but concern is growing that prosecutors may be over-reaching as they pursue politicians and executives.

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