Oil

Oil rose more than 1 percent to four-month highs on Thursday, spurred by another informal OPEC meeting on output cuts and plunging U.S. crude inventories, with some saying the market has overshot itself with a 15-percent gain in seven sessions.

Americans are saving money on their electric bills this year.

Americans are saving money on their electric bills this year.

Oil rose about 1 percent, hitting four-month highs on Thursday, underpinned by news of another informal OPEC meeting on output cuts and surprise drop in U.S. crude stocks, though trading was choppy after a price gain of 15 percent in seven sessions.

Oil rose about 1 percent, hitting four-month highs on Thursday, underpinned by news of another informal OPEC meeting on output cuts and surprise drop in U.S. crude stocks, though trading was choppy after a price gain of 15 percent in seven sessions.

Major U.S. stock indexes gained on Wednesday, boosted by financial shares amid encouraging economic data and by the energy sector as oil prices surged to June highs.

Major U.S. stock indexes gained on Wednesday, boosted by financial shares amid encouraging economic data and by the energy sector as oil prices surged to June highs.

Millions of people along the U.S. Southeast coast were urged on Wednesday to evacuate and prepare for Hurricane Matthew as the potentially devastating storm took aim at Florida and South Carolina.

Millions of people along the U.S. Southeast coast were urged on Wednesday to evacuate and prepare for Hurricane Matthew as the potentially devastating storm took aim at Florida and South Carolina.

Oil prices rose towards $52 a barrel on Wednesday, hitting their highest level since June, supported by an industry report that U.S. inventories probably fell for a fifth straight week

Oil prices rose towards $52 a barrel on Wednesday, hitting their highest level since June, supported by an industry report that U.S. inventories probably fell for a fifth straight week

Oil prices fell on Tuesday on a rise in Iranian exports which add to a global supply overhang, although a planned OPEC-led production cut later this year offered some support.

Oil prices fell on Tuesday on a rise in Iranian exports which add to a global supply overhang, although a planned OPEC-led production cut later this year offered some support.

Oil prices rose as the global market showed renewed optimism that OPEC's production deal would bring an end to sub-$50 a barrel oil.

Oil prices rose as the global market showed renewed optimism that OPEC's production deal would bring an end to sub-$50 a barrel oil.

Oil prices were on track to their largest weekly advance in more than month on Friday, supported by planned OPEC output cuts, but profit-taking after a two-day rally kept benchmark crude contracts below the key $50 per barrel mark.

Oil prices were on track to their largest weekly advance in more than month on Friday, supported by planned OPEC output cuts, but profit-taking after a two-day rally kept benchmark crude contracts below the key $50 per barrel mark.

Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as investors worried about the health of Deutsche Bank.