Oil

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.

Oil prices edged up on Thursday, steadying near two-year highs as the outlook remained upbeat as OPEC-led supply cuts have tightened the market and drained inventories.

Oil prices edged up on Thursday, steadying near two-year highs as the outlook remained upbeat as OPEC-led supply cuts have tightened the market and drained inventories.

Royal Dutch Shell reported a forecast-beating 47 percent profit jump to $4.1 billion on Thursday, driven by gains in oil refining and trading operations.

Royal Dutch Shell reported a forecast-beating 47 percent profit jump to $4.1 billion on Thursday, driven by gains in oil refining and trading operations.

Oil prices dipped in see-saw trade on Wednesday, hitting their highest in more than two years and then retreating.

Oil prices dipped in see-saw trade on Wednesday, hitting their highest in more than two years and then retreating.

Analysts say bullish sentiment that has driven Brent crude to its highest in more than two years could encourage U.S. producers to export more oil.

BP said on Tuesday it will resume share buybacks after reporting a doubling in third-quarter profit in the clearest sign yet that the oil company is confident about a turnaround in a week when oil prices hit a two-year high above $60 a barrel.

BP said on Tuesday it will resume share buybacks after reporting a doubling in third-quarter profit in the clearest sign yet that the oil company is confident about a turnaround in a week when oil prices hit a two-year high above $60 a barrel.

Brent oil slipped but held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices.

Brent oil slipped but held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices.

Oil prices rose more 1 percent on Friday on support among the world's top producers for extending a deal to cut output and as the dollar retreated from three-month peaks.

Chevron Corp reported a lower-than-expected quarterly profit on Friday as U.S. production slipped, offsetting a rise in oil and natural gas prices.

Chevron Corp reported a lower-than-expected quarterly profit on Friday as U.S. production slipped, offsetting a rise in oil and natural gas prices.

Exxon Mobil Corp, the world's largest publicly traded oil producer, posted a higher-than-expected quarterly profit on Friday as higher crude and natural gas prices more than offset the effects of a major hurricane on U.S. operations.

Exxon Mobil Corp, the world's largest publicly traded oil producer, posted a higher-than-expected quarterly profit on Friday as higher crude and natural gas prices more than offset the effects of a major hurricane on U.S. operations.

Brent crude closed at a 27-month high on Thursday as the market focused more on comments from Saudi Arabia about ending a global supply glut instead of an unexpected increase in U.S. crude inventories and high U.S. production and exports.

Brent crude closed at a 27-month high on Thursday as the market focused more on comments from Saudi Arabia about ending a global supply glut instead of an unexpected increase in U.S. crude inventories and high U.S. production and exports.