Oil

A meeting in Qatar between most of the world’s largest oil producing nations ended with no agreement to close the spigots, thus paving the way for more savings at the gas pump.

U.S. economic conditions are 'mostly favorable' yet the Federal Reserve remains cautious in raising interest rates because threats loom, New York Fed President William Dudley said on Monday.

Better-than-expected bank earnings give stocks weekly win.

Following a scheduled meeting in the deserts of Doha, Qatar on Sunday, global oil markets will have more clarity about where some of the world’s biggest producers stand on their willingness to help ease the global supply glut that’s plagued the market for nearly two years.

Oil prices fell more than 3 percent on Friday in thin trade as traders and analysts anticipate a weekend meeting of major oil exporters to do little to help to clear global oversupply quickly, even though it would provide a floor for the market.

U.S. stocks were flat on Friday on worries that a potential deal by major oil producers to freeze output would do little to tackle a stubborn global oversupply.

The banks continue to struggle under pressure from the energy industry as oil prices have plunged since the summer of 2014 and the glut of global supply has helped push companies to default on their loans.

Oil steaded on Thursday after the International Energy Agency (IEA) trimmed its forecast for demand growth but said a fall in oil output in the United States was speeding up.

U.S. equity markets were propelled solidly higher on Wednesday thanks to momentum from the financial and technology sectors.

The bankruptcy of Peabody Energy, the world’s largest private coal producer, puts an exclamation point on the industry’s struggles and their ripple effect.

Oil prices jumped on Tuesday, but some in the market say there could be a downside risk to a possible production freeze on the horizon.

Oilfield services provider Schlumberger Ltd said it would reduce its operations in Venezuela as it received insufficient payments from customers in the recent quarters.

U.S. crude moved back above $40 a barrel on Tuesday, supported by hopes that an upcoming meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China.

Marathon Oil Corp. will sell its Wyoming upstream and midstream assets for $870 million, as big energy producers continue to reshape their portfolios during a severe and extended pricing downturn.