Commodities

The world's largest oil exporters agreed on Wednesday to cut output for the first time in eight years to erode a global supply overhang that has persisted for two years and halved the value of a barrel of crude.

The world's largest oil exporters agreed on Wednesday to cut output for the first time in eight years to erode a global supply overhang that has persisted for two years and halved the value of a barrel of crude.

Oil slumped by roughly 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day ahead of meeting.

Oil slumped by roughly 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day ahead of meeting.

U.S. stocks edged higher Tuesday, as gains in health-care stocks helped offset losses in the energy sector.

U.S. stocks edged higher Tuesday, as gains in health-care stocks helped offset losses in the energy sector.

The world's biggest oil producers are fired up about an oil-output agreement and remain at odds.

The world's biggest oil producers are fired up about an oil-output agreement and remain at odds.

Stocks edged lower Monday, threatening to snap what has been the Russell 2000's longest winning streak in 20 years.

Stocks edged lower Monday, threatening to snap what has been the Russell 2000's longest winning streak in 20 years.

Oil prices gained more than 2 percent on Monday in volatile trading after falling as much as 2 percent, recouping losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday.

Oil prices gained more than 2 percent on Monday in volatile trading after falling as much as 2 percent, recouping losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday.

The EPA may have given the corn industry a big windfall.

The EPA may have given the corn industry a big windfall.

The S&P 500 inched lower on Wednesday afternoon, hurt by declines in Eli Lilly and other healthcare shares, while the Dow edged higher along with industrial stocks in light trading ahead of a U.S. holiday.

The S&P 500 inched lower on Wednesday afternoon, hurt by declines in Eli Lilly and other healthcare shares, while the Dow edged higher along with industrial stocks in light trading ahead of a U.S. holiday.

Oil prices turned positive on Wednesday despite investor doubts that OPEC will agree to a production cut large enough to make a significant dent in the global glut of crude.

Oil prices turned positive on Wednesday despite investor doubts that OPEC will agree to a production cut large enough to make a significant dent in the global glut of crude.

Oil turned negative in volatile trade on Tuesday on worries Iran and Iraq were not ready to agree on an OPEC output freeze after prices earlier rose to the highest level this month on reports cartel members had overcome their internal disputes.

Oil turned negative in volatile trade on Tuesday on worries Iran and Iraq were not ready to agree on an OPEC output freeze after prices earlier rose to the highest level this month on reports cartel members had overcome their internal disputes.