Russia-Ukraine gas deal secures EU winter supply

Russia has agreed to resume gas supplies to Ukraine over the winter in a deal brokered by the European Union. The deal will also ensure gas supplies to EU countries via Ukraine are secure.

Oil falls as spending cuts loom; pump prices dip

NEW YORK (AP) — Oil fell Friday to its lowest level of the year on worrisome economic developments in the world's two largest oil-consuming nations. The price of crude fell 1.5 percent and is down 6 percent in two weeks.

Oil Fall as European Finance Ministers Meet on Greece

Oil dropped as euro-area finance ministers meet to negotiate a bailout payment for Greece and as American leaders prepared to wrestle with a budget agreement.

Middle East violence pushes oil prices up

NEW YORK (CNNMoney) -- Oil prices rose further Monday as violence between Israelis and Palestinians ignited fears that that the conflict could spread throughout the region.

Oil Falls on Signs Global Economy Is Weakening

Oil declined for the first time in four days as Greece struggled to qualify for aid payments and economic data indicated that global demand may weaken.

IMF urges Ukraine to hike gas prices for consumers

The International Monetary Fund again urged Ukraine Friday to raise gas prices for consumers, a sticking point in the resumption of an IMF bailout.

IMF chief Christine Lagarde fears oil spike poses serious threat to global recovery

The International Monetary Fund has warned that surging oil costs pose a serious risk to the global economy, threatening to smother expansion before a fresh cycle of growth is safely under way.

Crude Oil Climbs After U.S. Thanksgiving Retail Sales Surge to a Record

Oil climbed as Thanksgiving retail sales advanced to a record in the U.S., a signal of economic growth in the world’s biggest crude-consuming country.