Oil Price

News Hour: Oil jumped more than 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018,...

News Hour: Oil prices recovered ground on Monday following last week’s big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S....

News Hour: Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been...

News Hour: Weakness in petroleum-linked shares pressured US stocks on Wednesday, while London equities retreated again following the surprise announcement of a snap general election. Oil prices fell nearly four percent following a build in US...

News Hour: Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya’s largest oilfield, tension over Syria following the U.S. missile strike and signs that an OPEC-led supply cut is helping to...

News Hour: Oil prices slumped to their lowest level of 2017 on Wednesday following a bearish US supply report that also dented American petroleum-linked shares. The US oil benchmark, West Texas Intermediate, slid more than five...

News Hour: Global oil prices fell 1 pct on Tuesday but continued to trade in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts. U.S. crude stockpiles have...

News Hour: Petroleum-linked shares fell on Wednesday on lower oil prices, pressuring US stocks, as the Federal Reserve minutes showed officials expect to hike interest rates “fairly soon.” The Dow Jones Industrial Average ended up 0.2...

News Hour: Oil prices rose about $1 on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that came into force in January. Supply...

News Hour: Oil prices held equity markets in their sway on Wednesday, with stocks perking up as prices for crude rebounded despite data showing abundant US production. Increasing uncertainty about France’s political outlook and fears of...