Oil

Oil Dives, US Crude Below $50 for First Time in 2 Weeks

Oil prices tumbled on Friday, on track for the biggest weekly drop in a month on renewed concerns that increasing U.S. production and high inventories will thwart OPEC's attempts to reduce the global crude glut.

Oil Dives, US Crude Below $50 for First Time in 2 Weeks

Oil prices tumbled on Friday, on track for the biggest weekly drop in a month on renewed concerns that increasing U.S. production and high inventories will thwart OPEC's attempts to reduce the global crude glut.

Oil Prices Mixed in Choppy Trade, Rising U.S. Production Weighs

Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.

Oil Prices Mixed in Choppy Trade, Rising U.S. Production Weighs

Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.

Oil Slides 2-Week Low on U.S. Gasoline Build

Oil fell to a two-week low on Wednesday, after a surprising build in U.S. gasoline inventories and a rise in domestic crude output that is partially offsetting cutbacks by other countries trying to reduce a global glut.

Oil Slides 2-Week Low on U.S. Gasoline Build

Oil fell to a two-week low on Wednesday, after a surprising build in U.S. gasoline inventories and a rise in domestic crude output that is partially offsetting cutbacks by other countries trying to reduce a global glut.

Exxon Seeks Waiver From U.S. Sanctions on Russia: WSJ

Exxon Mobil Corp has applied to the Treasury Department for a waiver from U.S. sanctions on Russia as the oil major looks to resume its joint venture with Rosneft, the Wall Street Journal reported on Wednesday.