Oil

Consumers and small businesses are bracing for a hit to the wallet.

Non-OPEC producers have yet to make a specific commitment to join the Organisation of the Petroleum Exporting Countries in limiting output levels to prop up prices, OPEC and non-OPEC energy officials said on Saturday.

Non-OPEC producers have yet to make a specific commitment to join the Organisation of the Petroleum Exporting Countries in limiting output levels to prop up prices, OPEC and non-OPEC energy officials said on Saturday.

Any partnership would be a stealth move for GE’s oil and gas arm.

Any partnership would be a stealth move for GE’s oil and gas arm.

Exxon Mobil on Friday posted a 38% decline in quarterly profit as revenue slid more than expected amid the prolonged swoon in oil prices.

Exxon Mobil on Friday posted a 38% decline in quarterly profit as revenue slid more than expected amid the prolonged swoon in oil prices.

Chevron said its quarterly profit plunged 35% from a year earlier and revenue slid more than expected amid low oil prices.

Chevron said its quarterly profit plunged 35% from a year earlier and revenue slid more than expected amid low oil prices.

Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut.

Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut.

General Electric said on Thursday it was in discussion with the No. 3 oilfield services provider Baker Hughes on potential partnerships.

General Electric said on Thursday it was in discussion with the No. 3 oilfield services provider Baker Hughes on potential partnerships.

Oil edged higher on Thursday, lifted by a reported drop in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as commitments from Gulf OPEC members assuaged lingering doubts in the market about cooperation from other producers.

Oil edged higher on Thursday, lifted by a reported drop in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as commitments from Gulf OPEC members assuaged lingering doubts in the market about cooperation from other producers.

A rally in Boeing's shares helped the Dow reverse course in the early afternoon session on Wednesday, while Apple continued to weigh on the Nasdaq and the S&P 500.

A rally in Boeing's shares helped the Dow reverse course in the early afternoon session on Wednesday, while Apple continued to weigh on the Nasdaq and the S&P 500.

Oil prices fell more than one percent on renewed concerns about a global supply glut.