Crude futures settled lower Dec. 21 as the spread of a new COVID-19 strain in the UK prompted more lockdowns, pressuring demand outlooks. Not registered? Receive daily email alerts, subscriber Continue Reading
Crude cratered the most in six weeks as a new strain of the coronavirus in the U.K. is threatening additional lockdown measures across Europe and reducing global travel routes. Both Continue Reading
The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking Continue Reading
Crude oil prices plummeted during the mid-morning trade in Asia Dec. 21, as concerns over a new highly infectious strain of the coronavirus raised fears of tightening lockdown and travel Continue Reading
Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe fuelled worries Continue Reading
Oil fell toward $47 a barrel — after posting a seventh weekly gain — on concern a mutation of Covid-19 discovered in the U.K. could speed transmission of the virus Continue Reading
Oil rose for a seventh straight week as efforts to pass another U.S. virus relief package added to optimism that the vaccine’s rollout will provide a long-awaited boost to demand. Continue Reading
Crude futures settled at fresh nine-month highs Dec. 18 as the US moved closer to greenlighting a second COVID-19 vaccine. NYMEX January WTI settled 70 cents higher at $49.24/b, and Continue Reading
Optimism about COVID-19 vaccines is driving oil prices higher and energy stocks are now on course to see their largest quarterly gain since 1989 For Global Energy Alert members there Continue Reading
Oil settled up at a nine-month high on Friday, rounding out seven straight weeks of gains as investors focused on the rollout of COVID-19 vaccines and a decline this week Continue Reading
