Oil Extends Rally With Iranian Demands Delaying Hormuz Deal

Oil futures posted gains as Iran's latest demands on the U.S., including a military withdrawal, unfreezing of Iranian assets and payment of reparations, were seen prolonging the closure of the Strait of Hormuz.

U.A.E.'s Adnoc Gas to Invest More Than $8 Billion in Expansion Push

An exit from OPEC earlier this year freed state-owned Adnoc of the cartel's restrictions.

The Incredible Shrinking BP May Be Just What Investors Need