Oil prices dropped on Tuesday as the prospects for the rapid approval of new U.S. economic stimulus waned while increasing new coronavirus infections raised questions over the pace of any Continue Reading
Oil prices have good reason to start the week with gains, according to Rystad Energy. Even though the pandemic is not yet slowing down, oil prices have good reason to Continue Reading
Oil gained the most in about a week with expectations for tighter global supply offsetting concerns that a bumpy Covid-19 vaccine rollout will further blunt demand. Futures closed nearly 1% Continue Reading
The U.S. national average gasoline prices are expected to rise to average $2.42 per gallon in 2021, from the lowest since 2016 of $2.17/gal in 2020, due to strengthening economy Continue Reading
Oil in New York inched higher as the dollar weakened, with investors assessing the impact of supply curbs from Iraq and Libya on the near-term demand outlook. Futures rose 0.6% toward Continue Reading
Oil prices edged up on Monday as a weaker dollar offset fresh concerns about the hit to global fuel demand from renewed lockdowns to curb the spike in COVID-19 infections. Continue Reading
Oil declined the most in a week with rising U.S. crude stockpiles seen as an obstacle facing a market that is still recovering from a pandemic-induced demand slump. Futures fell Continue Reading
Crude oil prices fell further today after the Energy Information Administration reported a crude oil inventory build of 4.4 million barrels for the week to January 15. This compared with Continue Reading
Oil prices tumbled more than 2.5 percent early on Friday, dragged down by concerns that oil demand in the world’s top oil importer, China, could falter amid rising COVID-19 cases Continue Reading
Energy shares were hit hard as the oil rally came to a halt, with new lockdowns reigniting oil demand fears With 2021 shaping up to be one of the most Continue Reading
