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LONDON—Oil prices rose on Thursday, lifted by expectations that OPEC and its allies will stick to slow output ...

Oil prices rose more than 2% on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to cool the market. Brent crude was up $1.75, or 2.1%, at $83.74 a barrel by 1154 GMT and U.S. West Texas Intermediate crude rose $1.72, or 2.1%, to $82.58.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Emerging market currencies are headed for more trouble next year as mounting expectations the Federal Reserve will raise interest rates to quell inflation are set to keep the mighty U.S. dollar in the driving seat, a Reuters poll showed.

Emerging market currencies are headed for more trouble next year as mounting expectations the Federal Reserve will raise interest rates to quell inflation are set to keep the mighty U.S. dollar in the driving seat, a Reuters poll showed.