Oil

Oil prices came under pressure on Thursday after the International Energy Agency (IEA) increased its forecast for growth in U.S. oil output next year, raising the prospect of excess supply.

Oil prices rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though rising output capped prices well below the 2015 highs reached earlier this week.

Brent oil fell on Wednesday as investors continued to sell off their positions following the shutdown of the major North Sea Forties crude and gas pipeline, which buoyed prices on Monday.

Saudi King Salman is urging citizens to support economic reforms and the government's anti-corruption drive.

Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

BHP, the world’s largest miner, has asked four investment banks to help it prepare for either a sale or spin-off of its underperforming U.S. shale oil and gas unit, with a view to taking a decision in early 2018, sources said.

Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday following a shutdown of the UK's biggest North Sea oil pipeline, which helps set the benchmark for global prices.

Oil prices rose Monday, reversing earlier declines, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York.

Stocks rose Monday as the technology sector rallied and higher oil prices boosted energy companies.

Oil prices edged higher on Monday, reversing earlier losses, after an explosion in New York refocused the market on the geopolitical risk.

Oil prices rose almost 2 percent on Friday, helped by rising Chinese crude demand and threats of a strike in Africa’s largest oil exporter.

The number of rigs drilling for oil in the U.S. rose by 2 this week, to 751, Baker Hughes, a GE company, reported.

Oil prices edged up on Friday, helped by rising Chinese crude demand and threats of a strike in Africa's largest oil exporter.

Oil prices dipped on Friday as the U.S. dollar strengthened, although OPEC-led supply cuts are seen supporting markets going into next year.

Chevron Corp , the second largest U.S.-based oil producer, is budgeting $18.3 billion for capital projects next year, the company said on Wednesday, about 4 percent less than this year and lower for a fourth year in a row.

U.S. crude on Wednesday slid nearly 3 percent on Wednesday, its biggest daily decline in more than two months, after a sharp rise in U.S. inventories of refined fuel suggested demand may be flagging, while U.S. crude production hit another weekly record.

Oil edged higher on Tuesday, supported by strong demand, expectations of a drop in U.S. crude inventories and an OPEC-led deal to extend oil output cuts.

OPEC oil output fell in November by 300,000 barrels per day (bpd) to its lowest since May, a Reuters survey found, pressured by a drop in Angolan and Iraqi exports, strong compliance with a supply cut deal and involunary declines.

Oil fell on Monday after U.S. shale drillers added more rigs last week, though prices remained in sight of their recent two-year highs thanks to last week's decision by OPEC and other producers to extend output cuts.