Oil

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

Saudi Arabia neared the precipice of change over the course of a weekend amid increased tensions with Iran and the momentous and unprecedented palace purge of dozens of royal officials at the hands of Crown Prince Mohammed bin Salman.

Saudi Arabia neared the precipice of change over the course of a weekend amid increased tensions with Iran and the momentous and unprecedented palace purge of dozens of royal officials at the hands of Crown Prince Mohammed bin Salman.

Oil settled lower on Tuesday after rising to the highest since July 2015 the previous day.

Oil settled lower on Tuesday after rising to the highest since July 2015 the previous day.

The good times for U.S. oil producers won’t last for long, with the Organization of the Petroleum Exporting Countries (OPEC) forecasting in its 2017 World Oil Outlook (WOO) that U.S. tight oil output will peak in 2025.

The good times for U.S. oil producers won’t last for long, with the Organization of the Petroleum Exporting Countries (OPEC) forecasting in its 2017 World Oil Outlook (WOO) that U.S. tight oil output will peak in 2025.

Global demand for OPEC's crude will rise in the next two years more slowly than expected, the group forecast, as a recovery in prices resulting from an OPEC-led supply cut stimulates renewed output growth from non-members.

Global demand for OPEC's crude will rise in the next two years more slowly than expected, the group forecast, as a recovery in prices resulting from an OPEC-led supply cut stimulates renewed output growth from non-members.

Oil prices rose 3.5 percent on Monday, hitting the highest since early July 2015.

Oil prices rose 3.5 percent on Monday, hitting the highest since early July 2015.

Just hours prior to an overnight anti-corruption sweep in Saudi Arabia, President Donald Trump suggested that the Kingdom should list Saudi Aramco on the New York Stock Exchange; a move that may be in the best interest of the United States, but a real challenge for Saudi Arabia.

Just hours prior to an overnight anti-corruption sweep in Saudi Arabia, President Donald Trump suggested that the Kingdom should list Saudi Aramco on the New York Stock Exchange; a move that may be in the best interest of the United States, but a real challenge for Saudi Arabia.

The average price of a gallon of regular-grade gasoline jumped 7 cents nationally over the past two weeks to $2.58.

The average price of a gallon of regular-grade gasoline jumped 7 cents nationally over the past two weeks to $2.58.

President Donald Trump made a public pitch on Saturday to Saudi Arabia, asking the oil-rich country to start selling shares of Saudi Aramco, its state-owned oil company, on the New York Stock Exchange when the company goes public in the second half of 2018.

President Donald Trump made a public pitch on Saturday to Saudi Arabia, asking the oil-rich country to start selling shares of Saudi Aramco, its state-owned oil company, on the New York Stock Exchange when the company goes public in the second half of 2018.

Oil prices rose on Friday, nearing their highest levels in more than two years, with buyers attracted by expectations of an extension to a global pact to cut output that has reduced oversupply.

Oil prices rose on Friday, nearing their highest levels in more than two years, with buyers attracted by expectations of an extension to a global pact to cut output that has reduced oversupply.