Oil

Oil prices surged about 4 percent on Thursday after U.S. inventory data showed a surprisingly large drawdown in crude stocks as imports into the U.S. Gulf Coast slid last week due to Tropical Storm Hermine.

Oil rose on Wednesday to pare some of the previous day's losses, partly thanks to a weaker U.S. dollar, but the limited likelihood of a near-term agreement among the world's biggest exporters to rein in production kept gains in check.

Oil rose on Wednesday to pare some of the previous day's losses, partly thanks to a weaker U.S. dollar, but the limited likelihood of a near-term agreement among the world's biggest exporters to rein in production kept gains in check.

Canadian pipeline company Enbridge agreed to buy Spectra Energy amid a prolonged downturn in commodities.

U.S. crude for October, which did not settle on Monday due to the Labor Day holiday, was at $45.04, up 60 cents from Friday's close.

U.S. crude for October, which did not settle on Monday due to the Labor Day holiday, was at $45.04, up 60 cents from Friday's close.

Saudi Arabia and Russia said Monday that they had agreed to cooperate to stabilize the oil market but stopped short of outlining specific limitations on their petroleum production.

Oil prices rose Friday as the dollar weakened following an August jobs report that showed more muted hiring growth than many anticipated.

Oil prices rose Friday as the dollar weakened following an August jobs report that showed more muted hiring growth than many anticipated.

Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving towards a common position on oil production that some investors think could support prices.

Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving towards a common position on oil production that some investors think could support prices.

Oil prices continued to fall Wednesday after weekly inventory data showed that U.S. stockpiles of crude oil increased more than anticipated to a record high.

Oil prices continued to fall Wednesday after weekly inventory data showed that U.S. stockpiles of crude oil increased more than anticipated to a record high.

Oil prices fell Tuesday on a report that Iran plans to increase its production by year-end and a strengthening dollar.

Oil prices fell Tuesday on a report that Iran plans to increase its production by year-end and a strengthening dollar.

Oil prices were down Monday as worries over the U.S. raising interest rates as early as next month rippled through an already jittery market.

Oil prices were down Monday as worries over the U.S. raising interest rates as early as next month rippled through an already jittery market.

Oil prices were down slightly Friday with global crude benchmarks Brent and its U.S. counterpart West Texas Intermediate hovering around $47 to $50 a barrel.

Oil prices were down slightly Friday with global crude benchmarks Brent and its U.S. counterpart West Texas Intermediate hovering around $47 to $50 a barrel.

Oil prices rose on Thursday on speculation the dollar would drop on Friday's monetary policy speech by the U.S. Federal Reserve Chair, before paring gains on a Reuters interview with the Saudi Energy Minister that cast doubts about an OPEC output freeze.