Oil

President Donald Trump may be having a rough go in the United States these days, but in Saudi Arabia, on his first foreign trip as President of the United States, he is getting a royal welcome layered with pomp and circumstance.

President Donald Trump may be having a rough go in the United States these days, but in Saudi Arabia, on his first foreign trip as President of the United States, he is getting a royal welcome layered with pomp and circumstance.

Oil prices rose on Friday, heading for a second week of gains on growing expectations that OPEC and other producing countries will agree at a meeting next week to extend crude output cuts.

Oil prices rose on Friday, heading for a second week of gains on growing expectations that OPEC and other producing countries will agree at a meeting next week to extend crude output cuts.

Investors should not overlook commodities as a critical component for their portfolio.

Investors should not overlook commodities as a critical component for their portfolio.

Oil futures rose Friday in Asia, building on overnight gains in the U.S., as investors showed some optimism about what will come out of next week's meeting of the Organization of Petroleum Exporting Countries.

Oil prices settled higher on Thursday, as key producing countries suggested they would extend supply cuts to reduce an ongoing global crude glut.

Oil prices settled higher on Thursday, as key producing countries suggested they would extend supply cuts to reduce an ongoing global crude glut.

Oil prices settled at a two-week high on Wednesday after U.S crude inventories declined for the sixth straight week, a positive sign for markets ahead of next week's OPEC meeting, where major oil producers are expected to extend supply cuts.

Oil prices were little changed on Tuesday as the market awaited direction from weekly U.S. inventory data and as Kuwait joined top producers Saudi Arabia and Russia in support of prolonging supply cuts through March 2018 to reduce a global crude glut.

The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up according to the International Energy Agency.

Oil jumped 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than first agreed.

Oil jumped 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than first agreed.

The U.S. relationship with OPEC nations is at critical turning point.

The U.S. relationship with OPEC nations is at critical turning point.

Oil prices jumped 2 percent on Monday after the energy ministers of Saudi Arabia and Russia jointly said that a crude production cut needed to be extended.

Oil prices jumped 2 percent on Monday after the energy ministers of Saudi Arabia and Russia jointly said that a crude production cut needed to be extended.

Oil prices fell slightly on Friday as evidence that U.S. production was still rising overshadowed hopes that the global crude glut would diminish on expected production cut extensions from OPEC and other producing countries.