Oil Prices Decline Amid Uneven Recovery Signs
Oil declined as the coronavirus crisis in India and a slowing demand rebound in the U.S. highlighted the uneven nature of the global recovery. Futures in New York fell 1.4% Continue Reading
Oil prices fall 1% on worries of pandemic surge in India
Oil prices settled lower on Thursday, reversing early gains under pressure from rising COVID-19 infections in India and elsewhere although prices retained some support from a report a day earlier Continue Reading
Crude oil futures rangebound on mixed EIA data
Crude oil futures were rangebound during mid-morning Asian trade May 6 following the release of the US Energy Information Administration’s latest data, which was mixed. At 11:30 am Singapore time Continue Reading
Oil Futures Show Modest Moves
Oil was little changed, giving up earlier gains as traders assessed an increase in gasoline stockpiles and technical signals suggesting the commodity’s rally was due for a pullback. Futures in Continue Reading
Crude oil futures jump on bullish API data, improved demand outlook
Crude oil futures jumped during mid-morning trade in Asia on May 5, as an all-around bullish American Petroleum Institute report indicated improved fundamentals in the US, while optimism over the Continue Reading
Will Oil Hit $80 This Summer?
India, the world’s third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic that dented oil demand and pressured Continue Reading
Oil Drives Toward $70 as Sagging U.S. Stockpiles Aid Bull Bets
Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting demand. Brent neared $70 a barrel and West Texas Intermediate climbed Continue Reading
Oil Prices Continue Ascent
Oil climbed to the highest since the middle of March as reopening efforts and vaccination pushes from the U.S. to Europe underpin hopes for a return to normal demand in Continue Reading
Crude hits 7-week high on bullish demand outlooks
European Commission may ease air travel restrictions RBOB cracks climb amid Bayway FCC shutdown US dollar tests eight-session high Crude oil futures on May 4 settled at the highest since Continue Reading
Crude oil futures edge higher as easing restrictions in Europe offset India’s COVID-19 surge
Crude oil futures edged higher during mid-morning trade in Asia May 4 as plans to ease travel restrictions in Europe lifted hopes of stronger demand, countering the demand erosion in Continue Reading