NewsweekBreaking Free of Foreign Oil Will Require Higher Gas PricesNewsweekThe U.S. has been a net importer of oil for decades, which has long been a hot topic in politics and the media. What you may not know is that imports have been on the decline since …

ReutersOil up on Russia-OPEC hopes; US rig count jump limits gainsReutersRussian Energy Minister Alexander Novak said he would make proposals to his counterpart from OPEC leader Saudi Arabia this weekend on price-supportive measures that could include an o …

ReutersOil prices off session highs, US rig count up by 11ReutersNEW YORK Oil prices drifted around unchanged on Friday, retreating from early highs after data showed the first double-digit growth in U.S. oil rigs since crude prices hit $50 a barrel. A clo …

ReutersOil down 2 percent, strong dollar knocks US crude off 15-month highsReutersNEW YORK Oil prices fell about 2 percent on Thursday, as a resurgent dollar encouraged players to take profit on the previous day's rally that had sent U.S. crude to 15-m …

ReutersOil rises close to $50/bbl; doubts on OPEC plan cap gainsReuters"The global surplus still exists and there is still a possibility that oil prices could retrace further," said Dominick Chirichella, senior partner at the Energy Management In …

ReutersOil prices slip as focus shifts to details of OPEC dealReutersThe European oil and gas index .SXEP was up 4 percent on Thursday and the pan-European STOXX 600 index rose 2 percent. But oil prices retreated as scepticism over the effectiveness of the …

ReutersOil ends up 3 percentt as OPEC meets; volatility hits post-Doha highReutersImplied volatility, a gauge of how much oil prices move, was at its highest since April 18, when the meeting in Doha among OPEC members to discuss an output freeze ended in a …

ReutersOil rises on Saudi offer to cut output as OPEC talks loomReutersThe Saudi offer, ahead of next week's meeting of OPEC ministers trying to staunch oil price losses, has yet to be accepted by Tehran, three sources familiar with the discussions tol …

ReutersOil prices slip after two days of strong increasesReutersLONDON Oil prices fell on Friday in a sell-off following two sessions of strong rises and on caution ahead of a gathering of OPEC ministers next week in Algeria to discuss possible production …

ReutersOil prices fall as traders take profit after two days of strong risesReutersU.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $45.98 per barrel at 0648 GMT (2:48 am ET), down 34 cents, or 0.7 percent, from their previous clos …