Oil

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.

Don't underestimate an American shale rebound next year warns Goldman Sachs.

Don't underestimate an American shale rebound next year warns Goldman Sachs.

Oil prices were stable on Tuesday, supported by strong demand in Asia and a supply cut by Abu Dhabi as part of production curbs organized by OPEC and other exporters.

Oil prices were stable on Tuesday, supported by strong demand in Asia and a supply cut by Abu Dhabi as part of production curbs organized by OPEC and other exporters.

U.S. shale production is set to snap a five-month decline in January, the U.S. government said on Monday, a move that comes just days after OPEC and rival producers agreed to reduce crude output in an effort to boost prices.

U.S. shale production is set to snap a five-month decline in January, the U.S. government said on Monday, a move that comes just days after OPEC and rival producers agreed to reduce crude output in an effort to boost prices.

Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply, though prices slipped late in the day.

Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply, though prices slipped late in the day.

With only two weeks left in 2016, one former oil executive has a hefty prediction regarding the price of black gold by the time the New Year arrives.

With only two weeks left in 2016, one former oil executive has a hefty prediction regarding the price of black gold by the time the New Year arrives.

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 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.