Oil

OPEC No Longer Has the Fight or Might

Last week, the Organization of the Petroleum Exporting Countries (OPEC) met in Algiers and agreed to a general framework of an oil production decrease.

OPEC No Longer Has the Fight or Might

Last week, the Organization of the Petroleum Exporting Countries (OPEC) met in Algiers and agreed to a general framework of an oil production decrease.

Oil up 1.5 percent as U.S. crude output slows

Oil rose about 1.5 percent on Monday, resuming its longest stretch of daily gains in more than five years after data pointed to moderating U.S. output, though analysts said news of rising OPEC production could cap gains.