Oil

WTI crude oil traded up 50 cents, also 1 percent, at $52.18 a barrel.

WTI crude oil traded up 50 cents, also 1 percent, at $52.18 a barrel.

Assistant Secretary for Civil Works Jo-Ellen Darcy said in a news release that her decision was based on the need to "explore alternate routes" for the pipeline's crossing.

Assistant Secretary for Civil Works Jo-Ellen Darcy said in a news release that her decision was based on the need to "explore alternate routes" for the pipeline's crossing.

Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC's decision to cut crude output to rein in a global glut that has weighed on prices for more than two years.

Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC's decision to cut crude output to rein in a global glut that has weighed on prices for more than two years.

Oil prices steadied at around $53.50 a barrel on Friday after the biggest weekly rally since 2009 following OPEC's decision this week to cut crude output in order to rein in a global glut.

Oil prices steadied at around $53.50 a barrel on Friday after the biggest weekly rally since 2009 following OPEC's decision this week to cut crude output in order to rein in a global glut.

Losses in technology stocks dragged down the Nasdaq and the S&P 500 on Thursday, while gains in bank and energy shares propped up the Dow.

Losses in technology stocks dragged down the Nasdaq and the S&P 500 on Thursday, while gains in bank and energy shares propped up the Dow.

Oil prices surged more than 4 percent on Thursday, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict output to reduce the global supply glut more quickly.

Oil prices surged more than 4 percent on Thursday, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict output to reduce the global supply glut more quickly.

Crude oil prices rose more than 1 percent on Thursday, building on big gains made after OPEC and Russia agreed to restrict production, even as analysts warned other producers were likely to top up supply.

Crude oil prices rose more than 1 percent on Thursday, building on big gains made after OPEC and Russia agreed to restrict production, even as analysts warned other producers were likely to top up supply.

Though oil prices will rise in the short run, OPEC's move may actually spur American drillers to action.

Though oil prices will rise in the short run, OPEC's move may actually spur American drillers to action.