Crude futures finished a second straight session sharply lower May 19 as fundamental outlooks weakened amid reports of progress on US-Iran nuclear talks, rising US inventories, and concerns regarding Asia Continue Reading
Oil plunged to the lowest in three weeks alongside a broader market decline with traders also concerned about growing supply from the U.S. and Iran. Futures in New York tumbled 3.3% Continue Reading
Crude oil futures remained on a downward trajectory during mid-morning trade in Asia May 19, as the prospects of the Joint Comprehensive Plan of Action nuclear deal weighed on the Continue Reading
Oil headed for a back-to-back loss after an industry report showed a rise in U.S. crude stockpiles and traders tracked talks between world powers on a revival of the Iran nuclear Continue Reading
Oil sunk as investors weighed developments in ongoing talks between world powers on a revival of the Iran nuclear deal. (Bloomberg) — Oil sunk as investors weighed developments in ongoing Continue Reading
Brent crude topped $70 a barrel in London for the first time since mid-March amid signs that recovering consumption has whittled away a glut of oil that built up last Continue Reading
Brent crude topped $70 a barrel in London for the first time since mid-March amid signs that recovering consumption has whittled away a glut of oil that built up last Continue Reading
Oil climbed to the highest in two years with optimism building around the comeback of fuel demand in regions such as the U.S., even as Covid-19 flare-ups persist in parts Continue Reading
Crude futures settled higher May 17 as a weaker dollar and signs of continued demand recovery in the US and Europe overshadowed renewed demand concerns in Asia. Not registered? Receive Continue Reading
Oil climbed to the highest in two years with optimism building around the comeback of fuel demand in regions such as the U.S., even as Covid-19 flare-ups persist in parts Continue Reading
