Oil

Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.

Oil prices edged higher for a second consecutive session on Friday on hopes that non-OPEC producers meeting in Vienna would agree to cut output to bolster the group's own agreement to limit production.

Oil prices edged higher for a second consecutive session on Friday on hopes that non-OPEC producers meeting in Vienna would agree to cut output to bolster the group's own agreement to limit production.

Any hope of seeing $2 gasoline nationwide by Christmas is all but dashed.

Any hope of seeing $2 gasoline nationwide by Christmas is all but dashed.

Oil prices steadied around $50 a barrel on Thursday, close to the week's lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment.

Oil prices steadied around $50 a barrel on Thursday, close to the week's lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment.

Royal Dutch Shell announced Wednesday it signed a provisional agreement with Iran to explore energy projects in the region, despite political uncertainties regarding Tehran's relationship with the incoming Trump administration.

Royal Dutch Shell announced Wednesday it signed a provisional agreement with Iran to explore energy projects in the region, despite political uncertainties regarding Tehran's relationship with the incoming Trump administration.

Oil prices fell Wednesday following waning optimism that major oil producers will cut production and inventory data that showed rising stockpiles in key areas.

Oil prices fell Wednesday following waning optimism that major oil producers will cut production and inventory data that showed rising stockpiles in key areas.

Oil prices slipped on Wednesday on doubts that promised production cuts by OPEC and Russia would be deep enough to end a supply overhang that has weighed on the markets for more than two years.

Oil prices slipped on Wednesday on doubts that promised production cuts by OPEC and Russia would be deep enough to end a supply overhang that has weighed on the markets for more than two years.

Royal Dutch Shell will agree on Wednesday to develop a major Iranian oil field, an Iranian oil-ministry spokeswoman said.

Royal Dutch Shell will agree on Wednesday to develop a major Iranian oil field, an Iranian oil-ministry spokeswoman said.

Wall Street climbed on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high.

Wall Street climbed on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high.

Oil prices slipped off one-year highs Tuesday with OPEC skeptics taking control of the market again after several days of surging prices because of cutbacks promised by the world's oil exporters.

Oil prices slipped off one-year highs Tuesday with OPEC skeptics taking control of the market again after several days of surging prices because of cutbacks promised by the world's oil exporters.