Oil

Oil prices rose nearly 3 percent on Thursday, extending their rally on optimism over OPEC's first output cut plan in eight years, despite some analysts' doubts that the reduction would be enough to rebalance a heavily over-supplied market.

Oil prices rose nearly 3 percent on Thursday, extending their rally on optimism over OPEC's first output cut plan in eight years, despite some analysts' doubts that the reduction would be enough to rebalance a heavily over-supplied market.

Finally, OPEC reaches an agreement -After a six-hour gathering in Algiers, OPEC members say they have reached an agreement on the need to cut crude output in order to reduce the global supply excess.

Finally, OPEC reaches an agreement -After a six-hour gathering in Algiers, OPEC members say they have reached an agreement on the need to cut crude output in order to reduce the global supply excess.

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

Wall Street moved higher on Wednesday after an OPEC agreement to limit crude output fueled a rally in oil and more than offset nervousness about a tight race for the U.S. presidency.

Wall Street moved higher on Wednesday after an OPEC agreement to limit crude output fueled a rally in oil and more than offset nervousness about a tight race for the U.S. presidency.

Another bullish report drives oil and energy companies higher.

Another bullish report drives oil and energy companies higher.

Optimistic about oil -Oil prices edged higher Wednesday morning ahead of an OPEC meeting in Algiers.

Optimistic about oil -Oil prices edged higher Wednesday morning ahead of an OPEC meeting in Algiers.

Oil prices rose on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks.

Oil prices rose on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks.

U.S. stocks rose Tuesday, boosted by gains in technology and consumer shares.

U.S. stocks rose Tuesday, boosted by gains in technology and consumer shares.

Oil prices fell Tuesday as the Organization of the Petroleum Exporting Countries planned to discuss a proposal to cut the group's production but Saudi Arabia's oil minister said the group was unlikely to make a deal this week.

Oil prices fell Tuesday as the Organization of the Petroleum Exporting Countries planned to discuss a proposal to cut the group's production but Saudi Arabia's oil minister said the group was unlikely to make a deal this week.

Officials from the Organization of the Petroleum Countries plan to discuss Wednesday a proposal that would cut 350 million barrels of the cartel's production spread out over one year.

Officials from the Organization of the Petroleum Countries plan to discuss Wednesday a proposal that would cut 350 million barrels of the cartel's production spread out over one year.