Category: Prices

Oil dropped below $61 a barrel on concerns about the near-term demand outlook amid the uneven rebound from the pandemic. Futures in New York slipped 1.1% after two days of Continue Reading

Oil edged higher on Monday as investors looked past the uneven demand recovery around the world following crude’s worst weekly plunge since October. Futures in New York eked out a Continue Reading

Crude oil futures were lower during mid-morning trade in Asia March 22, as investors remained nervous following the panic sell-off on March 18, while the prospect of an extended mobility Continue Reading

Brent oil gave up some gains posted at the end of the worst week since October as the dollar strengthened and as investors assessed the near-term demand outlook. Futures in London Continue Reading

Oil just experienced its biggest one-day price slump in more than six months, but it hasn’t veered off the road to recovery. Even as problems with Europe’s vaccine program and a Continue Reading

 Oil came back from a sell-off that investment banks from Goldman Sachs to Morgan Stanley said was excessive and offered an opportunity to buy, with physical crude markets still showing Continue Reading

Oil prices suffered their biggest weekly fall since October as signs of flagging demand in key markets abruptly halted a vigorous rally. International benchmark Brent crude ended the week down almost Continue Reading

Oil’s recent price rout is likely transitory and offers an entry point into a market that’s been surging this year, according to Goldman Sachs Group Inc. and Morgan Stanley analysts. Thursday’s Continue Reading

Crude oil futures were rangebound to slightly higher during the mid-morning trade in Asia March 19, as investors looked for a bargain following the panic selling that saw prices plummet Continue Reading

Oil prices steadied on Friday, but were down 8% for the week, after an overnight sell-off as a new wave of coronavirus infections across Europe triggered fresh lockdowns and dampened Continue Reading