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Oil rises one percent on weaker dollar, but U.S. drilling drags

An oil rig drilling a well at sunrise, owned by Parsley Energy Inc. near Midland, Texas, U.S., May 3, 2017. Picture taken May 3, 2017. REUTERS/Ernest Scheyder Oil prices rose 1 percent early on Monday on a weaker dollar, but an increase in U.S. drilling activi... More »

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Oil up on falling U.S. inventories, Saudi cuts to Asia

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Oil prices rose on Thursday, with global benchmark Brent crude trading comfortably above $50 a barrel after a fall in U.S. ... More »

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Oil prices fall as U.S. rig count stokes oversupply worries

A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Oil futures dipped on Monday as a higher U.S. rig count indicated rising shale output and stoked worries about global oversupply, while a stronger d... More »

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Oil gains on supply cuts, but rising U.S. output caps gains

A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen Oil prices rose on Monday, with the market set to rise for five of seven sessions as a global supply glut appears to ease, b... More »

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Global stocks top 2016 gains, dollar up before Fed minutes

A trader walks past the German DAX Index board on the trading floor at the Frankfurt stock exchange in Frankfurt, Germany, February 15, 2017. REUTERS/Ralph Orlowski Global stocks hit record highs on Wednesday, pushing gains for the year above those for all of ... More »

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Oil extends declines on rising U.S. output

A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver Oil prices extended declines on Monday, dragged down by signs of growing production in the United States that could partly offset output cuts by OPEC and other producers. More »

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Oil prices rise as markets eye OPEC, non-OPEC production cuts

A flame rises from a chimney at Taq Taq oil field in Arbil, in Iraq’s Kurdistan region, August 16, 2014. REUTERS/Azad Lashkari Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, ... More »

Oil surges after output cuts, strong dollar weighs

A gas station attendant pumps fuel into a customer’s car at PetroChina’s petrol station in Beijing, China, March 21, 2016. REUTERS/Kim Kyung-Hoon Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed ... More »

Wall Street gains- oil`s rise fuels energy shares

A man stands next to an electronic board showing stock prices in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Major U.S. stock indexes gained on Wednesday, boosted by financial shares amid encouraging economic data and by the energy sector as oil pric... More »

Oil climbs as Venezuela sees output deal, Libya suffers clashes

A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an outpu... More »