Latest on Oil

Crude flipped to small gains at the start of traditional trading hours in the U.S., where traders are still feeling bullish about recent changes in the oil market.

GOP Tax Plan Could Boost Prices at the Pump

A proposal aimed at encouraging production of U.S.-made goods could push domestic oil prices higher and leave consumers paying more at the pump, some energy economists say.

An Obscure Oil Bet Takes Off

A relatively obscure approach to oil-options trading is attracting attention as Republicans push a tax plan that some economists say could raise U.S. oil prices.

North Dakota Pipeline Leak May Have Been Caused by Landslide

The operator of a pipeline that spilled an estimated 4,200 barrels of crude oil and contaminated a creek in Western North Dakotasaid Wednesday the leak might have been caused by a landslide, something federal regulators say may put other sections of the pipeline at risk.

Anadarko Petroleum to Sell Marcellus Shale Natural Gas Assets

Anadarko Petroleum is selling natural-gas fields in Pennsylvania and some pipelines in the area for $1.2 billion to a subsidiary of Alta Resources Development LLC, a private energy company based in Houston.

Brazil's Petrobras Expects $1.6 Billion From Total Deal in Next Two Months

Brazilian state-run oil company Petróleo Brasileiro said Wednesday its strategic alliance with France's Total would bring in $1.6 billion cash in the next two months, a much-needed boost as it struggles to unload assets and reduce its debt burden.

U.S. Oil Inventories Unexpectedly Rise

U.S. crude oil stockpiles unexpectedly increased in the latest week while gasoline supplies fell, government data showed.

Congress Puts Clean-Coal Tax Credits on Table

The most expensive fossil-fuel power plant ever built in the U.S. could soon get a financial lifeline thanks to President-elect Donald Trump, who has signaled interest in clean coal tax-credit initiatives as a way to preserve mining jobs.

Allianz Global Investors Backs Wind Farm Owned by Berkshire

Allianz Global Investors provided more than $400 million in debt-financing to a wind-farming project in Nebraska as the asset manager pushes further into less-traditional investments.

Loosening of Mexico's Gasoline Prices Draws Heat

Mexico is moving to end eight decades of government-controlled gasoline prices, a step that will lead to a big jump in prices at the pump and could prompt a backlash against the government's efforts to liberalize the country's energy market.

Obama Administration to Block Some Offshore Drilling

The Obama administration announced plans to indefinitely block oil and natural-gas drillingin parts of the Atlantic and Arctic oceans, part of last-minute actions seeking to lock in the departing president's environmental legacy.

(END) Dow Jones Newswires

December 22, 2016 11:15 ET (16:15 GMT)

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