Oil

Oil prices fell more than 2 percent on Thursday after Russian crude production remained unchanged in February, showing weak compliance with a global deal to curb supply to tighten the oversupplied market.

Oil prices closed lower on Wednesday, as investors digested inventory data that did little to ease concerns over building supply in the U.S.  Light, sweet crude for April delivery settled down 18 cents, or 0.3%, at $53.83 a barrel on the New York Mercantile Exchange, after trading as high as $54.44 following the most recent storage report.

Oil prices closed lower on Wednesday, as investors digested inventory data that did little to ease concerns over building supply in the U.S.  Light, sweet crude for April delivery settled down 18 cents, or 0.3%, at $53.83 a barrel on the New York Mercantile Exchange, after trading as high as $54.44 following the most recent storage report.

Exxon Mobil's Darren Woods will make his first presentation to Wall Street as CEO Wednesday.

Exxon Mobil's Darren Woods will make his first presentation to Wall Street as CEO Wednesday.

Oil prices slipped on Tuesday but continued to trade in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts.

Oil prices slipped on Tuesday but continued to trade in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts.

Oil prices edged higher on Monday as investors showed record confidence that prices would rise further, though gains were capped by the prospect of faster growth in U.S. oil production.

Wall Street edged higher on Friday, with the Dow extending its streak of record-setting gains to 11 days, as increases in utilities and other safety plays outweighed declines in financials.

Oil prices slid nearly 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

BASF is exploring options for tapping Iran's recently opened energy market.

U.S. stocks edged higher on Thursday, buoyed by energy stocks and a renewed pledge by President Donald Trump to chief executives of major U.S. companies to bring back millions of jobs to the United States.

Oil prices rose but gains were pared Thursday after U.S. government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine OPEC's move to cut output.

U.S. oil and gas producer Apache Corp estimated its capital spending in 2017 would be more than 60 percent higher than 2016, joining a growing list of shale producers that are ramping up spending to take advantage of recovering oil prices.

Oil prices fell 1.5 percent on Wednesday on expectations of another surge in U.S. inventories, retreating from multi-week highs hit in the previous session after OPEC signaled optimism over its deal with other producers to curb output.

Saudi Arabia's state-owned energy company has told J.P. Morgan, HSBC and Morgan Stanley they will be the lead underwriters for its planned initial public offering, set to be the largest ever.

Oil prices ended about 1 percent higher after touching three-week highs on Tuesday on OPEC's optimism for greater compliance with its deal with other producers including Russia to curb output in an effort to clear a glut that has weighed on the market.

Oil prices ended about 1 percent higher after touching three-week highs on Tuesday on OPEC's optimism for greater compliance with its deal with other producers including Russia to curb output in an effort to clear a glut that has weighed on the market.

Oil prices inched higher on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally, although growing U.S. output and stubbornly high stockpiles kept price gains in check.

Oil prices inched higher on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally, although growing U.S. output and stubbornly high stockpiles kept price gains in check.