Oil

OPEC may decide to increase oil output to make up reduced supply from Iran and Venezuela.

OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply.

The 2016 remuneration resolution won the support of more than 92 percent of shareholders.

Crude output could drop from both Iran and Venezuela.

U.S. and China agree to work on a wider trade agreement.

Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply concerns.

Oil continues to climb and Americans are paying more at the pump for gasoline.

Both financial oil benchmarks remained close to their November 2014 highs.

U.S. crude is not far off its November 2014 high.

Crude prices remain near more than three-year highs.

There are signs others suppliers within OPEC will counter the disruption.

As higher oil prices are set to hit consumers’ wallets at the gas pump, rising jet fuel prices may also impact your summer travel budget.

Most of the Mideast country’s crude is shipped to China, India and South Korea.