Energy in America

Oil up 1% on Saudi comments, forecast of U.S. inventory drop

Brent oil rose 1 percent on Tuesday after top exporter Saudi Arabia said it was determined to end a supply glut, while prices also drew support from forecasts of a further drop in U.S. crude inventories as well as nervousness over tensions in Iraqi Kurdistan.

Oil up 1% on Saudi comments, forecast of U.S. inventory drop

Brent oil rose 1 percent on Tuesday after top exporter Saudi Arabia said it was determined to end a supply glut, while prices also drew support from forecasts of a further drop in U.S. crude inventories as well as nervousness over tensions in Iraqi Kurdistan.

The Latest: Saudi crown prince defends his social reforms

The Latest on a major investment conference being held in Saudi Arabia (all times local): 4:15 p.m. Saudi Arabia's Crown Prince Mohammed bin Salman has announced plans for a new $500 billion city to be built in the country's northwest that will be run entirely on alternative energy and be an innovation hub for the future.

The Latest: Saudi crown prince defends his social reforms

The Latest on a major investment conference being held in Saudi Arabia (all times local): 4:15 p.m. Saudi Arabia's Crown Prince Mohammed bin Salman has announced plans for a new $500 billion city to be built in the country's northwest that will be run entirely on alternative energy and be an innovation hub for the future.