Oil

U.S. oil prices hit their highest levels in more than two years on Friday as the shutdown at North America's Keystone pipeline continued to cut deliveries to storage facilities.

Venezuelan energy minister Eulogio Del Pino said on Wednesday OPEC has a de facto oil output freeze as its overall production stood steady in the past few months.

Ashland on Tuesday filed to reorganize as a public holding company and separate its Valvoline business, key steps in Ashland's previously announced plans to split in two by year's end.

Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday.

Oil prices fell on Wednesday on expectations of OPEC inaction on output as its focus stays firmly on market share, while concerns about China's economy weighed on the demand outlook.

The lack of action from OPEC at its June meeting Thursday shows more cracks are beginning to show in the cartel's oil-world dominance.

‘Fueling Freedom’ author Kathleen Hartnett White says the U.S. is sitting on $50 trillion in oil and gas, but the government is stopping us from getting at it.

The Dow Jones Industrial Average climbed Wednesday to top the psychologically important 18,000 level.

The fiery crash that killed U.S. oilman Aubrey McClendon in March after his car hit a wall was an accident, Oklahoma's medical examiner said on Wednesday, echoing a police inquiry's findings a day earlier that there was no evidence of suicide.

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.