Oil

Schlumberger reported better-than-expected quarterly profit and revenue on Friday, as strong demand in North America helped offset weakness in Europe and the Middle East.

The summer reprieve at the gas pump will be short lived.

The summer reprieve at the gas pump will be short lived.

Oil settled lower on Thursday in choppy trading, as nagging worries about abundant global crude supplies sank prices after an early rally boosted Brent above $50 per barrel for the first time since June 7.

Oil settled lower on Thursday in choppy trading, as nagging worries about abundant global crude supplies sank prices after an early rally boosted Brent above $50 per barrel for the first time since June 7.

Oil prices jumped almost 2 percent to a six-week high on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories.

Oil prices jumped almost 2 percent to a six-week high on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories.

Energy Transfer Partners and U.S. officials are asking a federal court to keep the Dakota Access Pipeline up and running during an environmental review.

Energy Transfer Partners and U.S. officials are asking a federal court to keep the Dakota Access Pipeline up and running during an environmental review.

Oil prices rose slightly on Tuesday as solid demand soaked up some of what is seen as an oversupplied market, but Ecuador's decision to opt out of a supply reduction complicated the outlook for an OPEC-led cut agreement.

Oil prices rose slightly on Tuesday as solid demand soaked up some of what is seen as an oversupplied market, but Ecuador's decision to opt out of a supply reduction complicated the outlook for an OPEC-led cut agreement.

Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC-led effort to drain a glut was proving effective but output increases in some top producers eased, keeping losses in check.

Stocks inched away from their all-time highs on Monday, kicking off a busy week in corporate earnings.

Stocks inched away from their all-time highs on Monday, kicking off a busy week in corporate earnings.

A $2 billion private-equity fund that borrowed heavily to buy oil and gas wells before energy prices plunged is now worth essentially nothing.

Oil rose 1 percent on Friday, boosted by lower U.S. stockpiles, a slight slowdown in U.S. crude production and signs of increased Chinese demand, but trading was volatile as global supply remained strong.

Oil rose 1 percent on Friday, boosted by lower U.S. stockpiles, a slight slowdown in U.S. crude production and signs of increased Chinese demand, but trading was volatile as global supply remained strong.

Oil prices edged higher in volatile trading on Friday as signs of strengthening demand was offset by still-high global stocks and concerns about economic growth.