Oil

Oil prices steadied on Tuesday as concerns over a glut of crude and refined fuel outweighed an expected cut in U.S. shale production and a probable further drawdown in U.S. crude inventories.

Oil prices steadied on Tuesday as concerns over a glut of crude and refined fuel outweighed an expected cut in U.S. shale production and a probable further drawdown in U.S. crude inventories.

Oil prices fell more than 1% on Monday as rising stockpiles of crude and refined fuel intensified fears of another major glut building.

Oil prices fell more than 1% on Monday as rising stockpiles of crude and refined fuel intensified fears of another major glut building.

A failed Turkish military coup attempt briefly closed the Bosphorus Strait to shipping traffic on Saturday, reminding the world of Turkey's huge and growing importance as a transit route for commodities between Russia, Central Asia and Europe.

A failed Turkish military coup attempt briefly closed the Bosphorus Strait to shipping traffic on Saturday, reminding the world of Turkey's huge and growing importance as a transit route for commodities between Russia, Central Asia and Europe.

After finally eclipsing year-old record highs, the U.S. stock market will be tested again next week, when the onslaught of company earnings could help investors assess the impact of Britain's vote to exit the European Union.

After finally eclipsing year-old record highs, the U.S. stock market will be tested again next week, when the onslaught of company earnings could help investors assess the impact of Britain's vote to exit the European Union.

Americans are projected to use a record amount of natural gas to power their homes in 2016.

Americans are projected to use a record amount of natural gas to power their homes in 2016.

Crude futures dipped in Asian trading on Friday on renewed concerns about a global oil glut, but losses were capped by slightly better than expected Chinese economic data reflecting government efforts to stabilize growth.

Crude futures dipped in Asian trading on Friday on renewed concerns about a global oil glut, but losses were capped by slightly better than expected Chinese economic data reflecting government efforts to stabilize growth.

The benchmark S&P 500 and the Dow scaled new highs yet again as JPMorgan's strong results on Thursday set an upbeat mood for earnings and spurred a rally in financial stocks.

The benchmark S&P 500 and the Dow scaled new highs yet again as JPMorgan's strong results on Thursday set an upbeat mood for earnings and spurred a rally in financial stocks.

Oil prices rose as much as 2 percent on Thursday, extending early gains as traders covered short positions a day after crude futures were hammered by weak U.S. demand for fuel during the traditionally busy summer driving season.

Oil prices rose as much as 2 percent on Thursday, extending early gains as traders covered short positions a day after crude futures were hammered by weak U.S. demand for fuel during the traditionally busy summer driving season.

Oil prices fell more than 4 percent on Wednesday after the U.S. government stunned the market with a raft of bearish inventory data that added to concerns over a global glut of oil.

Crude futures on Tuesday bounced back from two-month lows, helped by a weaker dollar, but an oil inventory glut and a drop in bullish bets by investors weighed on prices.

The U.K.'s vote to leave the European Union poses risks to global economic growth and oil demand in Europe, OPEC said Tuesday.