Oil

Oil prices continued to edge higher Wednesday as investors anticipate that major producers will follow through with a planned production cut to help reduce a global supply glut next year.

Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.

Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.

U.S. oil prices closed at a 17-month high on Friday in quiet trade ahead of the Christmas and New Year holiday week, even though the gain was small, as the market waits to see how OPEC manages its planned output cuts with Libya expecting to boost production.

U.S. oil prices closed at a 17-month high on Friday in quiet trade ahead of the Christmas and New Year holiday week, even though the gain was small, as the market waits to see how OPEC manages its planned output cuts with Libya expecting to boost production.

Oil slipped below $55 a barrel on Friday as a stronger U.S. dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other producers.

Oil slipped below $55 a barrel on Friday as a stronger U.S. dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other producers.

Oil prices rose in subdued trading on Thursday, supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output.

Oil prices rose in subdued trading on Thursday, supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output.

Global oil prices slipped on Wednesday after the Energy Information Administration reported an unexpected build in last week's crude supplies.

Global oil prices slipped on Wednesday after the Energy Information Administration reported an unexpected build in last week's crude supplies.

Oil prices edged higher Tuesday as coming cutbacks from some of the world's biggest producers keep supporting the market when trading is light because of the holidays.

Oil prices edged higher Tuesday as coming cutbacks from some of the world's biggest producers keep supporting the market when trading is light because of the holidays.

Gas prices are on the rise, and analysts don't expect any relief for drivers until after the holiday season.

Gas prices are on the rise, and analysts don't expect any relief for drivers until after the holiday season.

Oil prices were little changed on Monday, with little news to influence a market waiting to see whether U.S. production from shale fields will grow enough to offset planned output cuts by OPEC, Russia and other producers next year.

Oil prices were little changed on Monday, with little news to influence a market waiting to see whether U.S. production from shale fields will grow enough to offset planned output cuts by OPEC, Russia and other producers next year.

Industry analyst Trilby Lundberg said Sunday the hike mostly results from an agreement Nov. 30 by major oil-producing countries to slash output.

Industry analyst Trilby Lundberg said Sunday the hike mostly results from an agreement Nov. 30 by major oil-producing countries to slash output.

Oil rose on Friday, edging closer to new 17-month highs, as producers showed signs of adhering to a global deal to reduce output.