Iraq is committed to respecting its reduced oil production quota as agreed with the Organization of the Petroleum Exporting Countries and other exporters, oil...
Oil topped $50 a barrel for the first time and closed at a six-week high amid heightened optimism that a demand resurgence is in the offing.
The oil market’s failure to break out of the tightest range in more than a decade is sapping investor interest.
Oil speculators headed for the sidelines as OPEC members prepare to discuss freezing output in the face of signs the supply glut will linger.
Speculators became the most bullish on oil since June as a meeting of major producers next month may yield an agreement to cap output.
Oil fell to the lowest in more than six years in New York amid a worsening U.S. supply glut and the first interest rate increase by the Federal Reserve in...
Oil climbed a second day after tumbling to a six-year low amid signs the U.S. may allow unfettered crude exports for the first time in 40 years.
Hedge funds have turned more pessimistic on oil as prices flirted with $40 a barrel for the first time since August.
The last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans.