Oil

Oil prices fell 2 percent on Tuesday, headed for a third straight daily decline, on forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency (IEA).

Major U.S. oil companies could face another financial setback now that Standard & Poor’s has declared Venezuela to be in “selective default”

Major U.S. oil companies could face another financial setback now that Standard & Poor’s has declared Venezuela to be in “selective default”

Oil prices held steady in a tight range Monday after briefly testing lower, with support from Middle East tensions and record long bets by fund managers balanced by rising U.S. production.

Oil prices held steady in a tight range Monday after briefly testing lower, with support from Middle East tensions and record long bets by fund managers balanced by rising U.S. production.

OPEC on Monday forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was reducing excess oil in storage, pointing to an even tighter global market next year.

Crude was down slightly on Friday as expectations OPEC and other producers will extend their production cut agreement were offset by U.S. drillers adding the most oil rigs in a week since June, indicating output will continue to grow.

Crude was down slightly on Friday as expectations OPEC and other producers will extend their production cut agreement were offset by U.S. drillers adding the most oil rigs in a week since June, indicating output will continue to grow.

A long list of U.S. companies announced $250 billion worth of business deals in China, coinciding with President Donald Trump's visit with Chinese President Xi Jinping.

A long list of U.S. companies announced $250 billion worth of business deals in China, coinciding with President Donald Trump's visit with Chinese President Xi Jinping.

Oil prices rose nearly 1 percent on Thursday, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.

Oil prices rose nearly 1 percent on Thursday, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.

President-elect Donald Trump tapped Exxon Mobil Corp. Chief Executive Rex Tillerson as his choice for Secretary of State. But Mr. Tillerson may face bipartisan resistance from Congress over his ties to the Middle East and Russian President Vladimir Putin.

President-elect Donald Trump tapped Exxon Mobil Corp. Chief Executive Rex Tillerson as his choice for Secretary of State. But Mr. Tillerson may face bipartisan resistance from Congress over his ties to the Middle East and Russian President Vladimir Putin.

Oil futures were hovering above a two-year high on Friday, boosted by indications that the global market is rebalancing after years of price pressure from a supply glut.

Oil futures were hovering above a two-year high on Friday, boosted by indications that the global market is rebalancing after years of price pressure from a supply glut.

Oil prices were little changed on Wednesday as rising political tensions in the Middle East offset U.S. government data showing an increase in domestic crude production and a surprise build in stockpiles.

Oil prices were little changed on Wednesday as rising political tensions in the Middle East offset U.S. government data showing an increase in domestic crude production and a surprise build in stockpiles.

Oil prices have finally started to gain a foothold, but the first quarter could prove a “make or break” period.