Brent Crude

This is amid non-Opec countries reducing their oil production.

Falih replaces Ali al-Naimi, who led oil ministry for over two decades, in major a government reshuffle.

West Texas Intermediate and Brent slide as stronger dollar and profit-taking send oil prices down.

Talks fail after Saudi Arabia demands arch-rival Iran's participation in freeze.

Saudi Arabia, Russia and about 13 other major oil producers expected to meet at the Qatari capital on 17 April.

US GDP grew at 1.4% in the fourth quarter of 2015, thanks to increased consumer spending.

IEA says agreement to cut oil output is meaningless as Saudi Arabia is only country capable of increasing production.

Brent Crude and West Texas Intermediate slide as US oil rigs count increases after 12 weeks of decline.

Oil prices declined after US rig count increased for the first time since December 2015.

Fed more concerned about global economy and China slowdown.

All eyes on Fed chairperson Janet Yellen's policy statement.

Investors appear concerned about the US Federal Reserve's stand on interest rates post its upcoming meeting.

Experts are largely expecting the MPC to hold off on hiking the rate, instead increasing it later in 2016.

Morgan Stanley warns that ongoing slowdown and global oversupply will keep prices lower for some time.

China also up as its fixed-asset investment rose 10.2% year-on-year in January and February.

The European Central Bank is expected to ease its monetary policy later in the day.

China data continues to be dismal with both exports and imports falling.

This follows Lou Jiwei, finance minister of China, saying that Beijing was increasing its debt-to-GDP ratio.

Policymakers at the G20 meeting failed to come out with any action that could spur global growth.

Investors are looking forward to the G-20 meeting in Shanghai scheduled for 26 February.

All Asian indices were trading lower despite an increase in WTI crude oil prices.

Oil output in the US will decline over the next two years before reaching all-time high, according to the IEA.

Oil prices were in the green after Saudi Arabia and Russia decided to freeze their production levels.

The deal, which would increase oil prices, is contingent on Iran and Iraq joining in.

Decision to freeze production to January levels is 'adequate' after meeting with Russia and Iran.

DeVere Group CEO claims low oil prices could be beneficial and panic over 'minor bump' was exaggerated.

Yellen was optimistic of the US economy, but acknowledged that global risks such as China slowdown persist.

Tullow's pre-tax loss over the financial year was $1.03bn, down 37.2% from 2014's $1.64bn loss.

Investors will be hoping for a potential future rebound in oil prices after their worldwide collapse.

Dow Jones and Nasdaq on track to recoup losses as Brent and WTI prices climb.