Oil prices settled little changed on Wednesday as investors weighed an unexpected jump in U.S. crude stockpiles against optimism that a fast rollout of a coronavirus vaccine would fuel a Continue Reading
as data released from the American Petroleum Institute showed a build in crude and product inventories, with the continued progression of the pandemic also weighing on the market. Receive daily Continue Reading
Oil prices inched higher on Wednesday, paring earlier losses, as positive news on COVID-19 vaccines lifted investor hopes for a recovery in fuel demand, outweighing concerns over an unexpected jump Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 1.141 million barrels for the week ending December 4. Analysts had predicted an inventory draw Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 1.141 million barrels for the week ending December 4. Analysts had predicted an inventory draw Continue Reading
Gasoline demand hit a 20 year low over the Thanksgiving holiday, down 8.4% from the week before and the decline is showing no sign of shopping Chart of the Week Continue Reading
Crude oil futures fell during midmorning Asia trading Dec. 8 as a continuing rise in COVID-19 infections led countries to impose a myriad of mobility restrictions, dampening sentiment in the Continue Reading
Oil swung between gains and losses as the market weighed the outlook for demand as coronavirus vaccines begin. Futures in New York traded below $46 a barrel, driven by fluctuations in Continue Reading
Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets. Crude futures were down 1.9% in New York, with the dollar trading higher Continue Reading
Oil snapped a three-day streak of gains alongside a broader market selloff as near-term demand risks from a resurgent pandemic clouded optimism surrounding a future vaccine rollout. Futures fell 1.1% Continue Reading
