Oil

Drivers caught a break as prices at the pump steadily ticked lower to start 2017. But the relief won’t last much longer.

Drivers caught a break as prices at the pump steadily ticked lower to start 2017. But the relief won’t last much longer.

Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing.

Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing.

Oil prices held onto gains on Thursday with U.S. prices rising on evidence that gasoline demand could strengthen in the world's biggest oil market, although bloated crude supplies meant that fuel markets remain under pressure.

Organizations on both sides of the oil pipeline debate are reacting to President Donald Trump’s decision to restart the Dakota Access and Keystone XL projects.

Organizations on both sides of the oil pipeline debate are reacting to President Donald Trump’s decision to restart the Dakota Access and Keystone XL projects.

Oil prices gained slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4 percent after a surprise decline in inventories of the fuel.

Oil prices gained slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4 percent after a surprise decline in inventories of the fuel.

Oil prices fell on Tuesday as lower production by OPEC and other exporters was undermined by growing evidence of a revival in U.S. shale production and sluggish demand.

BP raised the oil price at which it can balance its books this year to $60 a barrel on Tuesday due to higher spending following a string of investments as annual earnings fell for a second consecutive year.

BP raised the oil price at which it can balance its books this year to $60 a barrel on Tuesday due to higher spending following a string of investments as annual earnings fell for a second consecutive year.

Oil slipped further below $57 barrel on Monday as a stronger dollar and ample U.S. supplies outweighed OPEC output curbs and rising tensions between the United States and Iran.

Oil steadied near $57 barrel on Monday as OPEC supply cuts and rising tensions between the United States and Iran were countered by ample inventories and signs that higher prices will revive U.S. output.

Oil prices jumped higher on Friday in response to the prospect of a fresh round of U.S. sanctions against Iran after its test launch of a ballistic missile.

Oil prices were little changed in U.S. trade on Thursday, retracing early gains as traders grew less concerned about mounting tensions between the United States and Iran, but prices were still supported by evidence that OPEC and other big exporters were cutting production.

Oil prices were little changed in U.S. trade on Thursday, retracing early gains as traders grew less concerned about mounting tensions between the United States and Iran, but prices were still supported by evidence that OPEC and other big exporters were cutting production.

ConocoPhillips, the largest U.S. independent oil producer, reported a smaller-than-expected loss, helped by higher oil prices and lower costs.

ConocoPhillips, the largest U.S. independent oil producer, reported a smaller-than-expected loss, helped by higher oil prices and lower costs.

Royal Dutch Shell's profits were lower than forecast in the last quarter of 2016 due to an unexpected charge relating to foreign exchange moves, but it was still ahead of its larger U.S. rival Exxon Mobil.