Oil was poised for its first weekly loss since October as the discovery of a potentially faster-spreading variant of Covid-19 in the U.K. raised the risk of more demand-sapping lockdowns. Brent Continue Reading
Petroleum futures settled higher Dec. 23 on US dollar weakness following news of a possible post-Brexit deal, and on inventory draws reported by the US Energy Information Administration. Not registered? Continue Reading
Crude oil futures fell further in mid-morning trade in Asia Dec. 23 as bearish data from the American Petroleum Institute took the market by surprise, and as US President Donald Continue Reading
Oil steadied near $47 a barrel in New York after coming under pressure from signs of increased U.S. supply and the resurgence of the pandemic. West Texas Intermediate futures recouped earlier Continue Reading
Oil futures settled lower Dec. 22 amid pandemic-dimmed demand outlooks prompted by the spread of more lockdowns across Europe. NYMEX February WTI settled 95 cents lower at $47.02/b and ICE Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 2.70 million barrels for the week ending December 18. Analysts had predicted an inventory draw Continue Reading
Oil prices lost gains early this week after a new strain of Covid-19 is threatening the global demand recovery. Chart of the Week Demand for transportation fuels (gasoline, distillates, and Continue Reading
Oil fell as a faster-spreading strain of the coronavirus discovered in the U.K. raised the risk of more lockdowns and less global travel. (Bloomberg) — Oil fell toward $47 a Continue Reading
Crude oil futures slid during the mid-morning trade in Asia Dec. 22, as concerns over a new strain of the coronavirus remained entrenched in the market. At 11:12 am Singapore Continue Reading
Oil fell toward $47 a barrel after dropping the most since early November on Monday as a faster-spreading strain of the coronavirus discovered in the U.K. raised the risk of Continue Reading
