Crude oil futures declined in mid-morning trade in Asia Jan. 28, despite a fall in US inventories, as worries over global growth recovery came back to the fore after the Continue Reading
Oil declined as a slide across financial markets overshadowed the positive signal from the biggest draw in U.S. crude stockpiles in six months. Futures in New York slid 0.4% as negative Continue Reading
Crude prices lack direction Jan. 27 as the market weighed a bullish US crude draw against pandemic -dimmed demand outlooks. NYMEX March WTI settled up 24 cents at $52.85/b, and Continue Reading
Oil erased most of its gains as futures traded in tandem with broader markets, with demand concerns prevailing over the biggest drop in U.S. crude supplies since last summer. While futures in Continue Reading
Crude oil futures edged higher during mid-morning trade in Asia Jan. 27, spurred by bullish data from the American Petroleum Institute and an improved pandemic outlook in the US, even Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.272 million barrels for the week ending January 22. Analysts had predicted an inventory smaller Continue Reading
Oil prices rose early on Tuesday amid signs that the physical supply of crude will tighten over the first quarter and counter concerns about slow vaccine rollouts and Chinese lockdowns. Continue Reading
Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019, the International Continue Reading
Crude oil futures were lower during mid-morning Asian trade Jan. 26, as pandemic-related concerns in the region negated any market upside anticipated from the curtailment of supply. At 11:18 am Continue Reading
Oil edged lower toward $52 a barrel as a resurgent Covid-19 outbreak in some regions and a slow roll-out of vaccinations weighed on the demand outlook, offsetting tightening global supply. Futures Continue Reading
