Oil

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.

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

Yahoo's massive cyber attack may dwarf what the energy industry could face.

Yahoo's massive cyber attack may dwarf what the energy industry could face.

The world's largest oil producers get a bad rap when it comes to keeping their word.

The world's largest oil producers get a bad rap when it comes to keeping their word.

Oil prices recovered ground on Thursday after sharp falls in the wake of the U.S. interest rate rise as investors anticipated a tighter market in 2017 due to planned output cuts led by OPEC and Russia.

Oil prices recovered ground on Thursday after sharp falls in the wake of the U.S. interest rate rise as investors anticipated a tighter market in 2017 due to planned output cuts led by OPEC and Russia.

Oil prices slid more than 3% on Wednesday as the dollar jumped after the U.S. Federal Reserve's decision to hike U.S. interest rates and after a jump in crude inventories at the biggest U.S. storage center renewed concerns about a glut.

Oil prices slid more than 3% on Wednesday as the dollar jumped after the U.S. Federal Reserve's decision to hike U.S. interest rates and after a jump in crude inventories at the biggest U.S. storage center renewed concerns about a glut.

U.S. crude oil stockpiles fell more than expected for the week ended Dec. 9, while gasoline supplies rose modestly, according to data released Wednesday by the Energy Information Administration.

U.S. crude oil stockpiles fell more than expected for the week ended Dec. 9, while gasoline supplies rose modestly, according to data released Wednesday by the Energy Information Administration.

OPEC pumped at record levels in November, a top energy watchdog said Tuesday, posing a challenge to the cartel’s plans to slash oil output to supportprices.

OPEC pumped at record levels in November, a top energy watchdog said Tuesday, posing a challenge to the cartel’s plans to slash oil output to supportprices.

Oil prices continue to rally after OPEC and non-OPEC countries finally agreed to production cuts. But key factors could keep rising oil prices at bay. The Schork Report Editor Stephen Schork weighed in on the outlook for oil and gas prices.