Oil

Oil prices rose for a second day on Thursday, closing more than 1 percent higher as support grew for OPEC output cuts a day after the U.S. government reported a big draw in crude inventories, boosting confidence that a global glut might diminish.

OPEC expects other oil producers to pump far more oil than previously thought, reflecting strong activity among U.S. shale drillers.

Oil prices rose more than 3 percent on Wednesday, bolstered by the biggest one-week drop in U.S. inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts.

Oil prices fell on Tuesday, rattled by concern over slowing demand, a rising U.S. dollar and increasing U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.

Oil prices fell on Tuesday, rattled by concern over slowing demand, a rising U.S. dollar and increasing U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.

Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.

Oil prices rose on Monday in volatile trading, bolstered by statements from major oil-producing countries suggesting that OPEC and non-OPEC supply cuts could be extended into 2018.

The U.S. energy industry is awaiting the outcome of talks inside the White House this week, as the Trump administration considers walking away from the Paris climate deal.

The U.S. energy industry is awaiting the outcome of talks inside the White House this week, as the Trump administration considers walking away from the Paris climate deal.

OPEC and non-member oil producers are considering extending a global supply cut for nine months or more to avoid a price-sapping output increase next year.

Exxon Mobil is suffering from sanctions on Russia. The same can't be said for other big Western energy companies, or for Russia's oil production.

A handful of ETFs like low oil prices.

A handful of ETFs like low oil prices.

Oil prices fell to five-month lows on Friday on concerns about a persistent glut despite assurances from Saudi Arabia that Russia is ready to join OPEC in extending supply cuts.

Oil prices fell to five-month lows on Friday on concerns about a persistent glut despite assurances from Saudi Arabia that Russia is ready to join OPEC in extending supply cuts.

Oil prices tumbled about 5 percent on Thursday, breaking below $50 a barrel to the lowest since late November on signs that OPEC and other producing countries would not take more drastic steps to reduce the world's stubbornly persistent glut of crude.

Royal Dutch Shell reported a sharp increase in net profits in the first quarter, capping off a bumper set of results for the world's biggest oil companies.

As demand for do-gooder investing increases, fund managers are retooling their lineups to include diversified funds that appeal to a wider audience.

Royal Dutch Shell reported a sharp increase in profit in the first quarter, rounding off a bumper set of results for the world's biggest oil companies.