Oil climbed above $65 a barrel on optimism that the resumption of economic activity in the U.S. and Europe will underpin demand. West Texas Intermediate gained 1.3%, while gasoline futures were Continue Reading
Oil climbed as optimism over progress in reopening some of the world’s largest economies outweighed deepening coronavirus risks elsewhere. Futures rose 1.4% in New York after flipping between gains and losses Continue Reading
Despite the significant rally in oil over the past couple of weeks, demand uncertainty continues to affect prices. The outbreak of the second wave of a new Covid-19 strain in Continue Reading
Crude oil futures were tad lower during the mid-morning trade in Asia May 3, as the market weighed the progress of the pandemic in India against the oil demand recovery Continue Reading
Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have Continue Reading
Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies offsetting a worsening coronavirus crisis elsewhere. Futures in Continue Reading
It was a big week for oil markets as demand optimism sent oil prices beyond $65 and oil majors reported promising earnings, but prices pulled back on Friday morning as Continue Reading
Crude oil futures ticked lower during mid-morning trade in Asia April 30, as prices pulled back from a six-week high due to weaker economic data from China, and persistent concerns Continue Reading
Oil declined as a recent rally in equities and commodities paused. Futures in New York dropped 1.1% on Friday as raw materials cooled from a scorching rally, while the dollar climbed Continue Reading
Oil surpassed $65 a barrel, the highest since mid-March, as signs of strengthening demand from the U.S. to China stoked optimism that key markets are turning a corner in their Continue Reading
