Highlights NYC to ‘fully reopen’ July 1 US unemployment claims fall, miss expectations France to ease restrictions May 19 Improved global demand outlooks and a late session slide in the Continue Reading
Oil prices rose to fresh six-week highs on Thursday as strong U.S. economic data, a weak dollar and an expected recovery in demand outweighed concerns about higher COVID-19 cases in Continue Reading
Crude oil futures ticked higher during mid-morning trade in Asia on April 29, as sentiment in the market remained positive amid signs of strong downstream demand in the US, but Continue Reading
Oil extended gains after closing at a six-week high as signs of strengthening demand in key markets offset concerns a Covid-19 resurgence in some countries, especially India, will damp consumption Continue Reading
Oil advanced to the highest in over a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global Continue Reading
The Energy Sector has taken the lead in the S&P midday sector standings on Wednesday trading, jumping 3.5% as OPEC+ appears ready to stick with earlier plans to slightly increase Continue Reading
Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices Continue Reading
California gasoline prices rose to $4 a gallon for the first time in a year and a half as more motorists hit the road amid easing pandemic restrictions in the Continue Reading
Crude oil futures ticked lower during mid-morning Asian trade April 28, as data from the American Petroleum Institute showed a build in US crude inventories, and the OPEC+ Joint Ministerial Continue Reading
Oil swung between gains and losses after OPEC+ confirmed it would proceed with plans to add more barrels to the market, despite a virus resurgence in some regions clouding the Continue Reading
