Oil just managed a weekly gain as an impasse in Washington over pandemic relief dimmed chances of an imminent boost to demand. Futures in New York eased off a nine-month high Continue Reading
Global oil demand is rebounding after hitting a trough last month as ongoing strong consumption in Asia and Latin America, coupled with a recovery in Europe, more than offsets fresh Continue Reading
Crude oil futures continued their upward trajectory during mid-morning Asian trade Dec. 11 as vaccine momentum intensified following an endorsement of the Pfizer-BioNTech vaccine by the US Food and Drug Continue Reading
Oil pushed past $47 a barrel, extending a remarkable vaccine-driven rally that’s taken many in the market by surprise. Futures in New York rose 0.7% after jumping 2.8% Thursday. The first Continue Reading
The U.S. Energy Information Administration has raised its Brent and West Texas Intermediate oil price forecasts for both 2020 and 2021. The U.S. Energy Information Administration (EIA) has raised its Continue Reading
Oil rose toward $46 a barrel after shrugging off a massive increase in U.S. crude stockpiles on optimism that vaccine rollouts will lead to a swift improvement in global energy Continue Reading
Oil in London climbed above $50 a barrel for the first time since the pandemic ground the global economy to a halt in a remarkable rally that few predicted would Continue Reading
Crude oil futures rose during midmorning Asia trading Dec. 10 as COVID-19 vaccine momentum kept the market afloat amid a host of bearish developments, including a data release from the Continue Reading
Oil rose toward $46 a barrel after shrugging off a massive increase in U.S. crude stockpiles on optimism that vaccine rollouts will lead to a swift improvement in global energy Continue Reading
Oil was little changed in the face of the second-largest U.S. crude build on record as the market held onto hopes of an upcoming vaccine rollout lifting demand from its Continue Reading
