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Both Brent crude and WTO are posting big gains.

Oil is set for its longest winning streak in 30 years as traders bask in improved US-China sentiment

Stock market wobbles have grabbed all the attention, but oil has had a stunning rally into the new year, helped by signs the trade war is thawing.

The crash in oil prices is raising a major red flag about slowing global growth

Oil prices have dropped to their lowest levels in over a year and its sending a warning to markets about growth prospects for 2019.

Italy’s state-backed oil giant makes a major discovery off the shores of Angola

Italian oil company Eni said it has made a new oil discovery in offshore Angola.
Saudi Arabian Energy Minister Khalid al-Falih talks to the media at the OPEC Ministerial Monitoring Committee in Algiers, Algeria.

Oil surges after OPEC and Russia agree to production cut

OPEC+ has agreed to cut production by 1.2 million barrels a day, reducing tensions around crude oil prices after days of fractious discussion in Vienna.

Oil plunges as OPEC tries to balance supply concerns with Trump’s demands

A geopolitical price war rages in the background of OPEC's summit between moderate cuts to production while appeasing President's Trump and Putin.

US stocks are set to crater again after Huawei CFO’s arrest adds to China trade-war jitters

China fired back after the US-led arrest of a Huawei executive. That sent US futures and global stocks, already jittery on trade-war fears, tumbling.
Emir of Qatar Sheikh bin Hamad al-Thani

Qatar set to leave OPEC in January as Middle East spat worsens

Qatar has announced it will quit the cartel effective January 1, adding additional bite to proceedings ahead of an OPEC meeting in Vienna on Thursday.
Russian Prime Minister Vladimir Putin smiles, with his face smeared with crude oil, during a visit to a Lukoil oil platform.

Oil is taking a hit after US inventories gain while Putin says prices are ‘absolutely fine’

Brent Crude dropped below $60, down 1.6%, after data showed US inventories grew, while Russia indicated it has limited interest in cutting supply.
A oil pump is seen at sunset outside Scheibenhard

Oil crashes to its lowest level of 2018 despite Saudi Arabia’s proposed production cut

Oil markets continued to drop Friday as persistent concerns about a glut were exacerbated by weaker economic conditions.
Saudi Arabia's energy minister al-Falih addresses a news conference after an OPEC meeting in Vienna

Swelling oil inventories could be driving the market toward oversupply, OPEC says

Less than two weeks before US sanctions against Iran kick in, OPEC said the oil market could shift toward a surplus and signaled it would adjust production accordingly if that were the case.