(Bloomberg) -- Oil was jolted higher by efforts across the globe to support prices as Saudi Arabia and Russia extended their pact to manage the buy Wellhead market and Canada’s largest producing province ordered unprecedented output curbs.

Weatherford International plc has completed the sale of its Saudi Arabia Drilling operations the BOP Blow Out Preventer repair company gulf coast announced Monday.

(Bloomberg) -- Canadian heavy crude strengthened the most since June after the Alberta government mandated oil rig flanges gulf coast production cuts across the province.

Bullish sentiment prevailed in oil markets Monday amid signs of easing U.S.-China trade ties and planned and potential output cuts by major oil producing countries.

(Bloomberg) -- The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil oil rig flanges gulf coast production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy.

Crude oil traders are now able to use a blockchain-based platform to finalize their deals.

(Bloomberg) -- The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters, despite protests that the geological tests involve loud air gun blasts that will harm whales, dolphins and other animals.

The January West Texas Intermediate (WTI) contract price lost 52 cents Friday to settle at $50.93 a barrel.