Oil

Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut.

Trump is welcoming Canada's Prime Minister Justin Trudeau today at the White House.

Trump is welcoming Canada's Prime Minister Justin Trudeau today at the White House.

Oil prices rose Friday after a top energy watchdog said exporters are following through on promises to cut oil production to end a longstanding glut in the market.

Oil prices rose Friday after a top energy watchdog said exporters are following through on promises to cut oil production to end a longstanding glut in the market.

Drivers caught a break as prices at the pump steadily ticked lower to start 2017. But the relief won’t last much longer.

Drivers caught a break as prices at the pump steadily ticked lower to start 2017. But the relief won’t last much longer.

Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing.

Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing.

Oil prices held onto gains on Thursday with U.S. prices rising on evidence that gasoline demand could strengthen in the world's biggest oil market, although bloated crude supplies meant that fuel markets remain under pressure.

Organizations on both sides of the oil pipeline debate are reacting to President Donald Trump’s decision to restart the Dakota Access and Keystone XL projects.

Organizations on both sides of the oil pipeline debate are reacting to President Donald Trump’s decision to restart the Dakota Access and Keystone XL projects.

Oil prices gained slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4 percent after a surprise decline in inventories of the fuel.

Oil prices gained slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4 percent after a surprise decline in inventories of the fuel.

Oil prices fell on Tuesday as lower production by OPEC and other exporters was undermined by growing evidence of a revival in U.S. shale production and sluggish demand.

BP raised the oil price at which it can balance its books this year to $60 a barrel on Tuesday due to higher spending following a string of investments as annual earnings fell for a second consecutive year.

BP raised the oil price at which it can balance its books this year to $60 a barrel on Tuesday due to higher spending following a string of investments as annual earnings fell for a second consecutive year.

Oil slipped further below $57 barrel on Monday as a stronger dollar and ample U.S. supplies outweighed OPEC output curbs and rising tensions between the United States and Iran.

Oil steadied near $57 barrel on Monday as OPEC supply cuts and rising tensions between the United States and Iran were countered by ample inventories and signs that higher prices will revive U.S. output.