Oil

OPEC has announced that oil ministers of the 14-nation organization will meet in September, well ahead of their previously scheduled November meeting.

OPEC has announced that oil ministers of the 14-nation organization will meet in September, well ahead of their previously scheduled November meeting.

Oil prices climbed Monday as fresh hopes that OPEC members might consider freezing production provided support to the market, despite a continuing glut of crude supply.

Oil prices climbed Monday as fresh hopes that OPEC members might consider freezing production provided support to the market, despite a continuing glut of crude supply.

Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports.

Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports.

Oil prices slipped after gains made earlier on Thursday and the previous day as overproduction and large volumes of unsold crude and ample refined products around the world weighed on markets.

Oil prices slipped after gains made earlier on Thursday and the previous day as overproduction and large volumes of unsold crude and ample refined products around the world weighed on markets.

Oil prices jumped more than 3 percent on Wednesday, with U.S. crude futures returning to above $40 a barrel, after a larger-than-expected gasoline draw offset a surprise build in crude stockpiles in the No. 1 oil consumer.

Oil edged higher to $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in U.S. inventories and a weaker dollar.

Oil edged higher to $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in U.S. inventories and a weaker dollar.

Wall Street stocks fell on Tuesday, with each of the major indexes notching their worst day in about a month as economic data and weaker-than-expected auto sales spurred concerns about growth.

Wall Street stocks fell on Tuesday, with each of the major indexes notching their worst day in about a month as economic data and weaker-than-expected auto sales spurred concerns about growth.

Oil prices fell Tuesday as investors reassessed demand for the commodity in the wake of a decline in equity markets.

U.S. oil prices are falling, poised to enter a bear-market as lower Saudi Arabian prices and signs of strong supply join a deluge of oil and refined products that has been sending oil lower for weeks.

Hedge funds have turned very bearish towards both crude and refined products over the last two months amid signs of an oversupply of gasoline.