Oil

Data out of China spurred fresh concerns about weakness in the global economy.

Oil producers are under pressure to reduce production following a sharp fall in oil prices in recent months.

Markets were still held in check by expectations of an economic slowdown in 2019.

The Saudis finally show their oil cards -- and then announce plans to cut exports. Here’s why.

Morgan Stanley cut its 2019 oil price forecasts by more than 10 percent on Wednesday.

The stock ticker "TRP" will not change.

Both crude price benchmarks had already gained more than 2 percent in the previous session.

There is concern that a worldwide economic slowdown will dent fuel consumption.

Record U.S. crude oil production has fuel stockpiles rising.

OPEC oil supply fell by 460,000 barrels per day (bpd) between November and December.

The slowdown in China and turmoil in stock and currency markets is making investors nervous, including in oil markets.

Gas prices have plunged in recent months – a decline that has occurred alongside a drop in the price of U.S. crude oil.

Oil prices ended 2018 lower for the first time since 2015.

Prices fell below $2 in nearly 20 percent of U.S. states.

Both oil benchmarks are down more than a third this quarter.