Oil prices settled higher on Wednesday, supported by a draw in U.S. crude inventories and Britain’s approval of a second coronavirus vaccine but pressured by swelling year-over-year supply. Brent crude Continue Reading
After a short but highly damaging price war, Opec and Russia enacted record supply cuts to stabilise the market. But even then, companies were forced to rip up investment plans Continue Reading
Crude oil futures ticked up during midmorning trade in Asia on Dec. 30 as bullish data from the American Petroleum Institute boosted market sentiment, even as new cases of the Continue Reading
Oil gained ground on Wednesday as a U.S. coronavirus fiscal aid package and a decline in crude oil inventories lifted prices. Base Brent crude futures rose 35 cents, or 0.7%, Continue Reading
Oil eked out a gain as prospects for bigger US aid checks dissipated. (Bloomberg) — Oil eked out a gain as prospects for bigger U.S. aid checks dissipated, tamping expectations Continue Reading
Oil prices climbed on Tuesday on hopes the United States will expand pandemic aid payments, a move that could spur fuel demand and stimulate economic growth. U.S. West Texas Intermediate Continue Reading
Crude oil rose during mid-morning trade in Asia Dec. 29 as the oil complex was buoyed by bullish sentiment across risk assets emanating from US President Donald Trump’s signing of Continue Reading
Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier Continue Reading
Oil pushed higher with support from a weakening dollar as investors weighed a worsening short-term demand outlook against an eventual rebound as Covid-19 vaccines are rolled out. Futures in New York Continue Reading
Crude slipped as investors ignored a broader market surge that pushed equities to record highs and focused instead on looming new supply from OPEC+ (Bloomberg) — Crude slipped as investors Continue Reading
