Oil

U.S. stocks pared some of their gains on Monday after Federal Reserve Chair Janet Yellen painted a mostly positive picture of the economy and said interest rates were still on their way, but was less specific on the timing.

Crude futures rose for a third consecutive day on Wednesday, hitting 2016 highs above $50 a barrel on supply outages led by the sabotage of oil facilities in Nigeria, before paring gains as glut concerns resurfaced after U.S. data showed a surprise build in gasoline supplies.

Oil prices fell 2% on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows.

Oil prices fell 2% on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows.

British oil major BP reported a lower than expected profit for the second quarter due to weak refining margins and oil prices, prompting another cut to its 2016 investment budget to below $17 billion.

British oil major BP reported a lower than expected profit for the second quarter due to weak refining margins and oil prices, prompting another cut to its 2016 investment budget to below $17 billion.

Oil rallied Thursday as Saudi Arabia's energy minister said the country would be prepared to take action to stabilize the global crude-oil market.

Oil rallied Thursday as Saudi Arabia's energy minister said the country would be prepared to take action to stabilize the global crude-oil market.

Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analyst estimates, blaming weak oil prices, poor refining profits and higher charges resulting from its $54 billion acquisition of BG Group.

Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower on persistent glut concerns, with the biggest decline seen for U.S. crude in a year.

Oil markets will begin to tighten in the second half of 2016 but the process will be slow and painful as global demand growth declines and non-OPEC supplies rebound, the International Energy Agency said on Thursday.

Crude oil prices fell for a fourth day on Wednesday as jittery investors awaited official U.S. stockpile figures later in the day after industry data showed a surprise build in inventories.

Oil prices rose on Thursday, supported by news of an attack on a Nigerian pipeline and moving up off a five-week low reached the previous session when U.S. crude stocks data compounded doubts that a glut in global oil supplies could be eroded.

The U.S. energy industry is awaiting the outcome of talks inside the White House this week, as the Trump administration considers walking away from the Paris climate deal.

Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity.

Oil extended gains on Wednesday, with U.S. crude hitting $58 a barrel for the first time since July 2015 as a major pipeline cut Canadian crude flows to the United States, where inventories are expected to have fallen further.

Oil extended gains on Wednesday, with U.S. crude hitting $58 a barrel for the first time since July 2015 as a major pipeline cut Canadian crude flows to the United States, where inventories are expected to have fallen further.

The looming threat of a default has put the world’s largest proven oil reserves in play.

TransCanada should push ahead with an $8 billion Keystone XL pipeline expansion after the state of Nebraska on Monday approved a route that would raise the cost of the controversial project, some shareholders said.

TransCanada should push ahead with an $8 billion Keystone XL pipeline expansion after the state of Nebraska on Monday approved a route that would raise the cost of the controversial project, some shareholders said.