Oil

So far oil demand has held up, especially in China, where imports of crude remain above 10 million barrels per day (bpd).

U.S. sanctions against the oil industries of OPEC members Iran and Venezuela have also had an impact, traders said.

Exxon expects to spend in the range of $63 billion to $65 billion in 2019 and 2020.

Oil companies are trying to win back investors after years of underperforming other industrial sectors and the S&P 500.

Concern about a slowdown in oil demand growth has weighed on prices.

Hopes that the trade spat between the two world's biggest economies added support to the market.

This is different than the California gold rush.

The fall in OPEC production comes at a time when the United States is pumping oil at record rates.

Crude prices have also been dragged down by surging U.S. oil production, rising more than 2 million barrels per day (bpd) in the past year

U.S. crude futures settled at $56.94 a barrel, up $1.44, or 2.6 percent.

Trump called on OPEC to ease its efforts to boost the oil market. Prices were "getting too high," the president said.

President Trump can tweet all he wants, but he has few options to get the cartel to change their oil-cutting ways.

Gas prices have been on the rise for 12 consecutive days.

Manhattan Institute senior Fellow Robert Bryce on the impact of New York’s energy regulations.

The moral of the story is that environmental extremism is costing New York business and jobs. Do we want that for the country as a whole?

Oil prices have been driven up this year by supply cuts led by OPEC.