Oil Price

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...

News Hour: Crashing oil prices in recent years have helped send crude-producing US states into recession, and they are unlikely to recover significantly even if prices recover, Standard & Poor’s said on Tuesday. The report came...

News Hour: Oil prices edged higher on Friday as output cuts by OPEC members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply. Brent...

News Hour: Mexicans are bracing to kickstart the New Year on a sour note, with protests planned against the government’s huge hike in gasoline prices. President Enrique Pena Nieto has promised that fuel prices will fall...

News Hour: Oil prices settled slightly lower on Friday, the year’s last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that...

News Hour: Oil slipped below $55 a barrel on Friday as a stronger U.S. dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other...

News Hour: Oil eased in Asian trade on Thursday, taking a breather after soaring nearly 10 percent on the wings of OPEC’s decision to carry out its first output cut in eight years. The Organization of...