Lower demand and technical correction took a heavy toll on the precious metal in Asian and European trading.
Uptick in Libyan production and rising number of US rigs spooks oil futures market.
Examining the billionaire investor and business magnate's journey on Wall Street and his net worth following recent setbacks.
Brent, WTI contracts lost further ground as US rig count rose and traders were unconvinced by producers' cuts.
US President's plan to sell half of his country's crude oil reserves fails to unnerve Opec members.
Both Brent and West Texas Intermediate contracts shed 5% overnight before staging a minor recovery.
Russian and Saudi oil ministers broker deal between 24 producers to extend their ongoing output cuts.
Khalid Al-Falih also said he was not concerned about US shale production and described it as necessary.
Most crude producers want production cuts to be extended for 6 to 9 months but Kuwait wants more.
An influential oil producers' committee has proposed rolling over ongoing output cuts.
Ineos is buying yet another North Sea oil and gas business to continue its operational expansion in the region.
Precious metals rose for much of the European session fuelled by volatility in currency markets and political uncertainty.
Switching focus from consumer to producer prices when charting the UK economy's path in uncertain climes is worthwhile.
Brent, WTI futures jump as market prices in fresh output cuts by major oil exporters.
Brent, WTI futures ticked higher as the market soaked in near-certainty of fresh output cuts by major oil exporters.
US political uncertainty sent gold prices higher in the face of a weaker dollar.
Many money managers were withdrawing bets on higher oil prices before Saudi-Russian announcement reignited interest.
Major oil producers pledge to do "whatever it takes" to cut production to curb current oil glut.
Several Opec ministers and Russia came out in favour of extending production cuts beyond June.
The US president claims to be pro oil - yet his criticism of free-trade agreements dents confidence in a cross-border industry.
Baker & McKenzie expert says industry's adoption of Blockchain adds value into supply chain.
As US inventories decline, oil ministers of Iraq and Algeria claim there's agreement within Opec.
Prospect of rising US shale production continues to neuter possible price boost from Opec output cut extension.
David Brinley, oil and gas giant's General Counsel, says technology playing big part in weathering industry turbulence.
Gunvor co-founder and former Soviet era trade official has amassed huge wealth from the natural resources sector.
Soundbites in favour of extending oil production cuts having little impact in the face of rising US output.
Saudi Arabia's Opec governor claims major oil producers were converging on the need to extend production cuts.
Futures trades in the yellow metal see drop of over $20 as US central bank hints at another interest rate hike.
Market sentiment increasingly factoring incremental shale oil barrels as Baker Hughes records another US rig count rise.
Port Arthur is North America's largest oil refinery that produces up to 60,000 barrels of oil per day