Oil crosses $50 a barrel, then retreats

Oil  rose above $50 a barrel for the first time in more than six months as a decline in U.S. stockpiles accelerated a rebound from a 12-year low. Futures climbed as much...
Banks increasing credit squeeze on drillers

Banks that have cut billions of dollars from U.S. oil and gas drillers’ credit lines are trying to make it even harder for the beleaguered companies to borrow. At least t...
Big Oil piles on debt

The world’s biggest oil companies are borrowing record amounts of money to cope with a slump in crude prices. Luckily, there’s rarely been a better time to go on a debt b...
Crude rallies on falling U.S. production

Oil rose for a second day after data showed that U.S. production fell the most in eight months while wildfires in Canada cut oil-sands production. Futures rose the most i...
Chesapeake Energy narrows losses

OKLAHOMA CITY  — Chesapeake Energy, the nation’s second largest natural gas driller, reported narrowed first-quarter losses Thursday and a $470 million sale of asse...