World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said on Thursday, despite a lower forecast from U.

The Dow and S&P 500 gained Thursday as the stock market weighed retail earnings and economic data. The Nasdaq fell, snapping its six-day win streak.

Tariffs and weak oil prices have ground deal making to a halt, but private equity has the dry powder ready to fire as the turmoil subsides.

BEIJING (Reuters) - Oil prices edged up on Friday following a sharp drop in the previous session, heading for a weekly gain of more than 1% as U.S.-China trade optimism outweighed the prospects of Iranian supply returning to the market.

Oil futures rise for a fourth straight session on improved sentiment after the U.S. and China agreed to cut tariffs for 90 days, which has eased concerns about loss of demand at a time when OPEC+ is raising output.

During today's trading session, Oil India shares experienced a price surge, with the stock price increasing by 2.26% to reach Rs 416.65. This movement has placed the stock among the top gainers in the NIFTY MIDCAP 150 index.

OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices.