Oil

The average price of a gallon of regular-grade gasoline fell 7 cents nationally over the past two weeks to $2.56.

OPEC and other oil producers may need to take “some extraordinary measures” next year to rebalance the oil market, the OPEC secretary-general said on Sunday.

Hurricane Nate was heading on Saturday toward refineries, offshore oil platforms and other energy facilities in the central U.S. Gulf Coast that largely were spared by Hurricane Harvey's wrath nearly six weeks ago.

Nearly three-quarters of U.S. Gulf of Mexico oil production was offline on Friday ahead of Tropical Storm Nate, with Gulf Coast energy companies bracing for the second major storm in as many months to menace the region.

Oil futures fell more than 2 percent on Friday, ending Brent crude's longest multi-week rally in 16 months as oversupply concerns reappeared as producers have started hedging future drilling.

FBN’s Lauren Simonetti on the markets, Tropical Storm Nate, YouTube and Netflix.

FBN’s Lauren Simonetti on the markets, Tropical Storm Nate, YouTube and Netflix.

Tropical Storm Nate could disrupt U.S. oil and fuel supplies once it hits the Gulf Coast.

Tropical Storm Nate could disrupt U.S. oil and fuel supplies once it hits the Gulf Coast.

Oil prices rose about 2 percent on Thursday as signs Saudi Arabia and Russia would limit production through next year pushed the U.S. benchmark back above $50 a barrel.

Oil prices rose about 2 percent on Thursday as signs Saudi Arabia and Russia would limit production through next year pushed the U.S. benchmark back above $50 a barrel.

Alaska will pay each of its residents $1,100 from its oil wealth investment fund Thursday.

World energy markets can handle supplies of U.S. shale oil next year as demand is rising and deals between Russia and Saudi Arabia have helped stabilize crude prices, Saudi Arabia said on Thursday, suggesting confidence about the outlook.

World energy markets can handle supplies of U.S. shale oil next year as demand is rising and deals between Russia and Saudi Arabia have helped stabilize crude prices, Saudi Arabia said on Thursday, suggesting confidence about the outlook.

AAA says prices will drop up to 10 cents in the coming month.

AAA says prices will drop up to 10 cents in the coming month.

Oil prices fell on Wednesday after a surprising jump in U.S. crude exports to a record 2 million barrels per day fanned worries about global oversupply.

Oil prices fell on Wednesday after a surprising jump in U.S. crude exports to a record 2 million barrels per day fanned worries about global oversupply.

Oil prices dipped on Tuesday as speculators took profits for a second day after big third-quarter gains and on concerns that higher prices might spur increased U.S. shale production.

Oil prices dipped on Tuesday as speculators took profits for a second day after big third-quarter gains and on concerns that higher prices might spur increased U.S. shale production.