Oil

Oil prices fell to a three-week low on Wednesday on news that Libyan output was recovering from an oilfield technical issue, fueling concerns that OPEC-led output cuts to reduce global inventories were being undermined by producers outside the deal.

Oil prices fell by one percent on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market.

Exxon Mobil has stepped up efforts to persuade investors to vote against climate-related proposals at Wednesday's annual meeting.

Exxon Mobil has stepped up efforts to persuade investors to vote against climate-related proposals at Wednesday's annual meeting.

Oil prices fell about 1 percent on Tuesday, on signs of resurgent crude output in Libya and concerns that extended production cuts by leading exporting countries may not be enough to drain a global glut that has depressed prices for almost three years.

Oil prices rebounded to rise more than 1 percent on Friday, but ended the week nearly 3 percent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped.

Oil prices rebounded to rise more than 1 percent on Friday, but ended the week nearly 3 percent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped.

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March.

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March.

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude.

Oil prices retreated slightly Wednesday as investors reacted to a smaller-than-expected U.S. gasoline stocks draw as they awaited the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether to extend output cuts.

Oil prices retreated slightly Wednesday as investors reacted to a smaller-than-expected U.S. gasoline stocks draw as they awaited the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether to extend output cuts.

Oil prices settled a bit higher on Tuesday as expectations of an extension to OPEC-led supply cuts overshadowed a White House proposal to sell half of U.S. petroleum reserves.

Oil prices rose to their highest levels in more than a month on Monday, amid growing confidence that top exporters would agree to extend supply curbs this week and speculation that the cuts could be deepened further.

Under political fire at home, U.S. President Donald Trump sealed a $110 billion arms deal with Saudi Arabia on Saturday on his maiden foreign trip as he struggled to shift attention from the aftermath of his firing of the director of the FBI.

Under political fire at home, U.S. President Donald Trump sealed a $110 billion arms deal with Saudi Arabia on Saturday on his maiden foreign trip as he struggled to shift attention from the aftermath of his firing of the director of the FBI.