Oil Market Overreacting to Covid News, Analyst Sen Says Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus Continue Reading
Oil prices dived more than 5% on Friday, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in Continue Reading
Oil fell sharply as a new Covid-19 strain raised concerns about the outlook for demand, sending global markets spiraling. Futures in New York tumbled below $74 a barrel and benchmark Continue Reading
A new and unchartered type of price war is brewing, according to Rystad Energy. A new and unchartered type of price war is brewing in the oil market, according to Continue Reading
The average price for regular unleaded gasoline in California hit a new record. The average price for regular unleaded gasoline in California hit a new record on Thanksgiving at $4.709, Continue Reading
A government report showed U.S. stockpiles increased 1.02 million barrels last week. Oil edged slightly lower a day after U.S. stockpiles rose and the day after the announcement of a Continue Reading
Oil prices edged down on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even Continue Reading
Oil was steady after OPEC said a planned coordinated release of reserves may swell a crude surplus expected early next year. Futures in New York traded near $78 a barrel. Continue Reading
Oil prices edged higher on Wednesday, extending gains from the previous day, as investors remained skeptical about the effectiveness of a U.S.-led release of oil from strategic reserves and turned Continue Reading
SPR Release Bullish for Oil Next Year, Analyst Sen Says Oil edged slightly lower a day after U.S. stockpiles rose and the day after the announcement of a coordinated release Continue Reading
