Oil

Oil Down for the Week as Glut Worries Face OPEC Cuts

Oil prices ended largely steady on Friday but lower on the week, with U.S. crude notching its first weekly decline in five weeks, as rising U.S. drilling and record stockpiles faced efforts by major producers to cut output to reduce a global glut.

Oil Down for the Week as Glut Worries Face OPEC Cuts

Oil prices ended largely steady on Friday but lower on the week, with U.S. crude notching its first weekly decline in five weeks, as rising U.S. drilling and record stockpiles faced efforts by major producers to cut output to reduce a global glut.

Oil Down Despite News OPEC Could Extend Output Cut

Oil prices reversed gains to trade nearly 1 percent lower on Thursday but continued to hold in a tight range as the market weighed swelling U.S. inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut.

Oil Down Despite News OPEC Could Extend Output Cut

Oil prices reversed gains to trade nearly 1 percent lower on Thursday but continued to hold in a tight range as the market weighed swelling U.S. inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut.

Oil Down as Dollar Firms, OPEC Compliance Rate Shrugged Off

Oil on Monday declined by about 2 percent, the most since mid January, as a stronger dollar and signs of rising U.S. crude output pressured prices while an OPEC report showing high compliance with last year's production-cut deal underwhelmed investors.

Oil Down as Dollar Firms, OPEC Compliance Rate Shrugged Off

Oil on Monday declined by about 2 percent, the most since mid January, as a stronger dollar and signs of rising U.S. crude output pressured prices while an OPEC report showing high compliance with last year's production-cut deal underwhelmed investors.