Oil

Oil prices soared more than 8 percent on Wednesday to the highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in a bid to support prices.

Oil prices soared more than 8 percent on Wednesday to the highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in a bid to support prices.

The world's largest oil exporters agreed on Wednesday to cut output for the first time in eight years to erode a global supply overhang that has persisted for two years and halved the value of a barrel of crude.

The world's largest oil exporters agreed on Wednesday to cut output for the first time in eight years to erode a global supply overhang that has persisted for two years and halved the value of a barrel of crude.

Crude futures surged Wednesday on growing optimism that OPEC would agree on a deal to cut oil production later in the day.

Crude futures surged Wednesday on growing optimism that OPEC would agree on a deal to cut oil production later in the day.

Trump’s cabinet picks, oil and the Beige Book; here’s what’s On Our Radar today.

Trump’s cabinet picks, oil and the Beige Book; here’s what’s On Our Radar today.

OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters after Saudi Arabia said it was prepared to accept "a big hit" on production and agree to arch-rival Iran freezing output at pre-sanctions levels.

OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters after Saudi Arabia said it was prepared to accept "a big hit" on production and agree to arch-rival Iran freezing output at pre-sanctions levels.

Oil slumped by roughly 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day ahead of meeting.

Oil slumped by roughly 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day ahead of meeting.

OPEC members are functioning like a dysfunctional family ahead of a key meeting that will impact global oil prices.

OPEC members are functioning like a dysfunctional family ahead of a key meeting that will impact global oil prices.

U.S. stocks edged higher Tuesday, as gains in health-care stocks helped offset losses in the energy sector.

U.S. stocks edged higher Tuesday, as gains in health-care stocks helped offset losses in the energy sector.

The oil cartel is working on a plan to cut production and boost prices. But will a deal actually transpire?

The oil cartel is working on a plan to cut production and boost prices. But will a deal actually transpire?

The world's biggest oil producers are fired up about an oil-output agreement and remain at odds.