Oil

Oil prices rose more than 2 percent on Friday on expectations that a weekend meeting of the world's top oil producers would demonstrate compliance to a global output cut deal, but rising U.S. drilling activity limited gains.

Continental Resources CEO Harold Hamm, an early Trump supporter, believes the U.S. can jump-start oil production under the Trump administration.

Continental Resources CEO Harold Hamm, an early Trump supporter, believes the U.S. can jump-start oil production under the Trump administration.

Schlumberger reported better-than-expected quarterly revenue as oil producers put more land rigs back to work in North America and prices for oilfield services recovered slightly in the region.

Schlumberger reported better-than-expected quarterly revenue as oil producers put more land rigs back to work in North America and prices for oilfield services recovered slightly in the region.

Oil prices rebounded from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect.

Oil prices rebounded from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect.

Exxon Mobil has joined a growing list of oil producers who are expanding in the Permian Basin of Texas.

Oil prices fell on Wednesday on expectations that U.S. producers would boost output.

Oil prices fell on Wednesday on expectations that U.S. producers would boost output.

OPEC signaled a falling oil supply surplus in 2017 on Wednesday as the exporter group's output slips from a record high ahead of a deal to cut supply and outside producers show positive initial signs of complying with the accord.

OPEC signaled a falling oil supply surplus in 2017 on Wednesday as the exporter group's output slips from a record high ahead of a deal to cut supply and outside producers show positive initial signs of complying with the accord.

Oil prices were down on Monday due to doubts that large crude producers will reduce production as promised and on expectations that U.S. production would increase again this year.

Oil prices were down on Monday due to doubts that large crude producers will reduce production as promised and on expectations that U.S. production would increase again this year.

U.S. stock futures eased Monday as investors shied away from global equities in favor of perceived safe-haven assets such as gold and the Japanese yen and fresh concerns over Brexit hit the pound.

U.S. stock futures eased Monday as investors shied away from global equities in favor of perceived safe-haven assets such as gold and the Japanese yen and fresh concerns over Brexit hit the pound.

U.S. financial stocks rose Friday, as the start of banks' earnings season reignited buying in the sector after its postelection rally had stalled.

U.S. financial stocks rose Friday, as the start of banks' earnings season reignited buying in the sector after its postelection rally had stalled.

Oil prices fell on Friday and ended the week 3 percent lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009.

Oil prices rose nearly 2 percent on Thursday on news that key crude exporters, including Saudi Arabia and Russia, were cutting production as promised in a deal to reduce a global glut and on forecasts of record demand in China.