US November jobs report misses expectations Omicron variant confirmed in multiple states OPEC+ pledges to monitor demand, backstopping prices Crude prices settled mixed Dec. 3, as a weaker-than-expected US jobs Continue Reading
Oil prices showed signs of recovery after worries about the economic effect of the spreading Omicron variant of Covid-19 drove crude into a bear market. U.S. crude prices, which fell 0.4% Continue Reading
Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy at short notice if oil demand collapsed due to a rising number Continue Reading
Oil jumped after the OPEC+ alliance left the door open to reversing its decision to boost output at any moment, with the impact of the omicron variant on demand remaining Continue Reading
What could the new Covid variant mean for the global oil market? The new Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels Continue Reading
Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next month. The bank’s analysts said they see Continue Reading
UK households will be paying much higher energy bills, which will rise not only because of high power and gas prices but also because of the collapse of Bulb, the Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Dec. 3, extending overnight gains, as investors turned bullish after OPEC+ chose to proceed on its monthly output hike, in Continue Reading
Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy at short notice if oil demand collapsed due to a rising number Continue Reading
Oil clawed back some losses after plunging more than 6% over the previous two sessions on nervousness the rapid spread of the omicron virus variant will lead to more lockdowns Continue Reading
