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Stocks open higher; Citi, Wells Fargo lead gains for banks

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Stocks are opening broadly higher on Wall Street Wednesday as several big companies reported results that were better than analysts were expecting. The S&P...

OPEC and allies expected to gradually increase output

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FRANKFURT, Germany — Members of the OPEC oil cartel and allied producing countries are juggling conflicting pressures in global oil markets as they establish...

US sells off Iranian crude oil seized off coast of UAE

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DUBAI, United Arab Emirates — The U.S. has sold some 2 million barrels of Iranian crude oil after seizing an oil tanker off the...

Exxon posts $2.7B quarterly profit after unprecedented year

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NEW YORK — Exxon Mobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions. ...

Exxon posts $2.7B quarterly profit after unprecedented year

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<p>NEW YORK &mdash; Exxon Mobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions. </p> ...