Caterpillar Inc. Chief Financial Officer Brad Halverson will retire in early 2018.

U.S. crude producers are still set to pump record amounts of the commodity next year, but less so than previously projected, according to the latest government estimates.

Oil prices declined for the week of July 3, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.

Oil extended the longest run of gains in six months after U.S. shale explorers paused a record drilling expansion in a sign the boom may be slowing down.

Oil tumbled to the lowest intraday level in four weeks June 7, as U.S. industry data showed an unexpected increase in crude inventories. Gasoline stockpiles also rose.