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UPDATE 2-U.S. crude briefly rises to premium over Brent as exports loom

* But general outlook remains for oil prices as low as $20/b (Adds comment, updates prices)

S. Korea welcomes chance to diversify oil supply with U.S., Iran crude

SEOUL, Dec 23 (Reuters) - South Korea is eager to increase the diversity of its oil suppliers by looking at U.S.

U.S. crude prices flip into premium over Brent as exports loom, inventories dip

SINGAPORE, Dec 23 (Reuters) - U.S.

UPDATE 1-Lac Megantic victims' fund to begin payments without CP Rail

MONTREAL, Dec 22 (Reuters) - A C$460 million ($330.46 million) settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd , the monitor involved in the payments said on Tuesday.

Aurizon shares sink on coal haulage rejig, looming impairment

SYDNEY, Dec 23 (Reuters) - Shares in Aurizon Holdings Ltd were hammered after the commodity rail carrier company lowered its haulage guidance and said it would take a half-year pre-tax impairment of up to A$240 million ($173.47 million).

Lac Megantic victims' fund to begin payments without CP Rail

MONTREAL, Dec 22 (Reuters) - A C$460 million ($330.46 million)settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd , the monitor for the bankrupt railroad blamed for the tragedy said on Tuesday.

US STOCKS-Wall Street rally sends Dow up 1 percent

* Indexes end up: Dow 0.96 pct, S&P 0.88 pct, Nasdaq 0.65 pct (Updates to close)

UPDATE 1-Brazil lawmaker's report could sink impeachment push

BRASILIA, Dec 22 (Reuters) - A key member of Brazil's Congressional budget committee has recommended the approval of the 2014 accounts of President Dilma Rousseff's government, which could undermine her opponents' case for impeaching her.

US STOCKS-Energy stocks fuel rally on Wall Street

* Indexes up: Dow 0.93 pct, S&P 0.79 pct, Nasdaq 0.51 pct (Updates to afternoon)

UPDATE 1-Brazil's new Finmin Barbosa sees no need to bail out Petrobras

BRASILIA, Dec 22 (Reuters) - Brazil's new finance minister, Nelson Barbosa, said on Tuesday that he sees no need to inject capital into debt-laden Petroleo Brasileiro SA as new management of the state-run oil company seeks to revive its finances.

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