Oil

Oil prices rose on Tuesday, reversing early losses, after Reuters reported Iran was sending positive signals that it may support joint OPEC action to prop up the market.

Oil prices fell more than 2 percent on Monday, retreating from last week's two-month highs, on worries about burgeoning Chinese fuel exports, more Iraqi and Nigerian crude shipments and a rising U.S. oil rig count.

The average price of gasoline in the U.S. is up by over half a cent to $2.17 a gallon for regular grade.

Oil prices dipped on Friday, edging back from eight-week highs, as market participants took profits from one of this year's strongest rallies in crude that analysts called fundamentally unjustified.

Oil prices dipped on Friday, edging back from eight-week highs, as market participants took profits from one of this year's strongest rallies in crude that analysts called fundamentally unjustified.

The Dow Jones and S&P 500 were lower on Friday afternoon, pulled down by energy stocks as oil prices dropped, while the Nasdaq was little changed as Applied Materials boost technology stocks.

The Dow Jones and S&P 500 were lower on Friday afternoon, pulled down by energy stocks as oil prices dropped, while the Nasdaq was little changed as Applied Materials boost technology stocks.

U.S. stocks ended up slightly on Thursday as Brent oil's rise above $50 a barrel boosted energy shares and an upbeat outlook lifted Wal-Mart to a 14-month high.

U.S. stocks ended up slightly on Thursday as Brent oil's rise above $50 a barrel boosted energy shares and an upbeat outlook lifted Wal-Mart to a 14-month high.

Oil prices rose on Thursday for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks as the world's biggest producers prepared to discuss a possible freeze in production levels.

Oil prices rose on Thursday for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks as the world's biggest producers prepared to discuss a possible freeze in production levels.

Oil's near week-long rally was under pressure on Wednesday after an unexpected drawdown in U.S. crude and gasoline stocks was offset by worries that Saudi Arabia was cranking output to record highs even as OPEC talked of ways to ease a global glut.

Oil's near week-long rally was under pressure on Wednesday after an unexpected drawdown in U.S. crude and gasoline stocks was offset by worries that Saudi Arabia was cranking output to record highs even as OPEC talked of ways to ease a global glut.

Oil fell for the first time in a week on Wednesday, but remained in sight of six-week highs, as investors weighed up how successful potential talks among producers to rein in ballooning oversupply would be.

Oil prices continued to edge higher Tuesday, building on a three-day rally.

Oil prices continued to edge higher Tuesday, building on a three-day rally.

Oil prices hit five-week highs on Monday, gaining about 10 percent in a three-day rally as speculation intensified over potential producer action to support prices amid a crude glut.

Oil prices were up about 1 percent on Friday, on track for their biggest weekly gains since May, after a short covering rally was triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market.

Oil prices were up about 1 percent on Friday, on track for their biggest weekly gains since May, after a short covering rally was triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market.

Oil rallied Thursday as Saudi Arabia's energy minister said the country would be prepared to take action to stabilize the global crude-oil market.