Oil

Oil skidded again on Friday, pushing prices to three-month lows as investors continued to flee bullish positions on worries that OPEC-led production cuts have not yet reduced a global glut of crude.

Oil fell about 2 percent on Thursday in heavy trade, extending the previous session's slump to prices not seen since an OPEC-led pact to cut production was agreed, as record U.S. crude inventories fed doubts about the effectiveness of the deal to curb a global glut.

Oil fell about 2 percent on Thursday in heavy trade, extending the previous session's slump to prices not seen since an OPEC-led pact to cut production was agreed, as record U.S. crude inventories fed doubts about the effectiveness of the deal to curb a global glut.

Health care, oil and the economy; here’s what’s On Our Radar today.

Health care, oil and the economy; here’s what’s On Our Radar today.

Royal Dutch Shell is selling its oil sands interests in Canada in a two-part deal worth $7.25 billion, as part of the oil major's plan to reshape the business.

Royal Dutch Shell is selling its oil sands interests in Canada in a two-part deal worth $7.25 billion, as part of the oil major's plan to reshape the business.

Oil prices plunged 5 percent to their lowest levels this year on Wednesday as U.S. crude inventories surged much more than expected to a record high, stoking concerns a global glut could persist even as OPEC tries to prop up prices with output curbs.

Oil prices plunged 5 percent to their lowest levels this year on Wednesday as U.S. crude inventories surged much more than expected to a record high, stoking concerns a global glut could persist even as OPEC tries to prop up prices with output curbs.

Oil prices ended little changed on Tuesday, as growing U.S. production expectations offset earlier gains after Saudi Arabia's oil minister said market fundamentals were improving.

Oil prices ended little changed on Tuesday, as growing U.S. production expectations offset earlier gains after Saudi Arabia's oil minister said market fundamentals were improving.

Exxon plans to spend $20 billion on projects in and around the Gulf of Mexico, underscoring how energy giants are turning to America.

Exxon plans to spend $20 billion on projects in and around the Gulf of Mexico, underscoring how energy giants are turning to America.

Oil prices whipsawed on Monday, with benchmark Brent rising and U.S. crude easing slightly, after the market pushed higher early in the day on the Iraqi oil minister's comments that cuts might persist into the second half of the year.

Exxon Mobil will spend $20 billion to expand its footprint along the Gulf Coast. CEO Darren Woods says most jobs will pay about $100,000 a year.

Exxon will spend $20 billion through 2022 to expand chemical and refining plants on the U.S. Gulf Coast, creating more than 45,000 jobs.

Exxon will spend $20 billion through 2022 to expand chemical and refining plants on the U.S. Gulf Coast, creating more than 45,000 jobs.

Oil prices surged on Friday, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.