UK inflation was bumped up by rising fuel prices, British drivers should brace themselves for more.
Crude oil market isn't really firing up, but gold could be in for an even rougher ride over the next 12 months.
Precious metals and crude oil headed lower ahead of the US Federal Reserve's rate-setting meeting.
Brent, WTI jump by over 4% after non-Opec producers followed Opec in announcing crude production cuts of their own.
Non-Opec nations have agreed to cut output by 558,000 barrels a day.
Group of 11 states including Russia and Mexico to slash output by 558,000 barrels per day from 1 January.
The decision comes ahead of the talks between Opec and non-Opec nations in Vienna on Saturday.
Brent, WTI futures rise ahead of approaching summit between Opec and non-Opec producers.
Brent, WTI futures recover from overnight lows ahead of summit between Opec and non-Opec producers.
The Dow Jones Industrial Average closed at its 12th all-time high since the US election on Wednesday.
The deal marks a win for Russian President Vladimir Putin as it comes at a time when the government is cash-strapped.
Brent, WTI futures slide ahead of approaching summit between Opec and non-Opec producers.
Energy and petrochemicals giant Ineos, founded by industrialist Jim Ratcliffe, moves commercial power base to London.
Markets also gained amid investor expectations of a positive outcome from the upcoming ECB meeting.
Brent, WTI rally comes to an end after survey reveals Opec pumped 34.16m bpd in November.
Neither Opec nor US shale producers could land a winning blow in the fight for oil market dominance.
US services sector activity hitting a one-year high in November also helped boost investor confidence.
Brent caps $55 per barrel mark for first time in 16 months on Opec's decision to reduce its 2017 output.
Brent, WTI extend positions above $50 as market awaits Opec-Russia talks.
The bearish trend in the stock markets also follows a decline in oil prices.
Co-owners of this project include BHP Billiton and Union Oil Company of California, an affiliate of Chevron.
Brent touches $54 per barrel as Opec announces it would cut production by 1.2m barrels per day
On Wednesday, Opec agreed to cut oil production by 1.2 million barrels per day.
Brent, WTI trade higher following agreement in Vienna to cut Opec production in conjunction with Russia
Suhail Al Mazroui tells IBTimes UK that Opec was working 'overtime' towards an oil market solution.
Most analysts said they expect some form of deal to emerge from the Opec meeting.
Fears of oil sliding to $40 escalate as preliminary Opec talks yield little, while Russians pull out of talks.
Kremlin decides against talks with Opec while cartel's internal meeting of experts ends without concrete plans for an oil production cut
Opec seeks solutions as ministers' meeting nears with oil benchmarks well below $50 per barrel
Brent, WTI see heavy short selling ahead of Opec meeting as market mulls possible oil production cut.