Oil

Oil prices tumbled more than 3 percent on Friday after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market.

The Organization of the Petroleum Exporting Countries pumped more crude oil last month even as the group geared up to complete a plan to cut output at its meeting at the end of this month in an effort to stabilize oil prices.

The Organization of the Petroleum Exporting Countries pumped more crude oil last month even as the group geared up to complete a plan to cut output at its meeting at the end of this month in an effort to stabilize oil prices.

Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output.

Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output.

Oil prices steadied on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump's surprise victory, but investors were cautious ahead of a key OPEC meeting to decide on production.

Oil prices steadied on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump's surprise victory, but investors were cautious ahead of a key OPEC meeting to decide on production.

The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters.

The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters.

Oil prices rose on Wednesday as U.S. financial markets bounced back from an early Brexit-like slide following Donald Trump's surprise victory in the U.S. presidential election.

Oil prices rose on Wednesday as U.S. financial markets bounced back from an early Brexit-like slide following Donald Trump's surprise victory in the U.S. presidential election.

Republican Donald Trump's election as U.S. president promises relief for U.S. coal miners, a boost for American oil players and fresh uncertainty for Western energy companies' plans to return to Iran, as he seeks to undo eight years of Obama administration energy policy.

Republican Donald Trump's election as U.S. president promises relief for U.S. coal miners, a boost for American oil players and fresh uncertainty for Western energy companies' plans to return to Iran, as he seeks to undo eight years of Obama administration energy policy.

Oil fell on Wednesday as Donald Trump's surprise victory in the U.S. presidential election sent markets into turmoil reminiscent of June's Brexit vote.

Oil fell on Wednesday as Donald Trump's surprise victory in the U.S. presidential election sent markets into turmoil reminiscent of June's Brexit vote.

Oil prices eased on Tuesday, paring earlier gains as voting in the U.S. presidential election got underway, in line with a retreat in U.S. stock index futures and a pickup in the dollar.

Oil prices eased on Tuesday, paring earlier gains as voting in the U.S. presidential election got underway, in line with a retreat in U.S. stock index futures and a pickup in the dollar.

A quick turnaround for a major fuel pipeline that was damaged last week prevented gasoline prices from skyrocketing.

A quick turnaround for a major fuel pipeline that was damaged last week prevented gasoline prices from skyrocketing.

If recent history holds true, investors should brace for an oil slump in the weeks after the election.