Oil futures settled higher on Wednesday, with prices recouping a portion of their losses from a five-session decline.

By Naveen Athrappully Contributing Writer Nations in the OPEC+ group have agreed to continue keeping daily oil output lower by nearly 4 million barrels a day in a bid to “support […]

Discover why oil prices are plunging to new lows despite OPEC's efforts to curb production. Find out what this means for the market.

Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from a four-month low reached on Monday,

Oil futures fell Tuesday, extending a decline that took crude to its lowest close in four months the previous session.

U.S. crude and global benchmark Brent are down more than 4% this week after eight OPEC+ members agreed Sunday to gradually phase out 2.2 million barrels per day in production cuts

Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision at the weekend to boost supply later this year into a global market where demand has already shown signs of weakness.

Investing.com-- Oil prices fell to four-month lows Tuesday, extending losses after the OPEC+ signaled it will begin tapering off its production cuts this year, while weak economic data raised concerns about sluggish demand.