Category: Prices

 Oil rose to the highest in nearly three months with positive Covid-19 vaccine developments paving the way for a more sustained recovery in oil demand. Futures rose 5% in New Continue Reading

 Oil prices rose about 1% higher on Friday and posted a third consecutive weekly rise, buoyed by successful COVID-19 vaccine trials, while renewed lockdowns in several countries to limit the Continue Reading

Oil prices are set to rebound in 2021 as optimism grows around a COVID vaccine and OPEC looks to extend its production cuts. For Global Energy Alert members there are Continue Reading

Crude oil demand is likely to rebound next year following the promising news about a vaccine against the novel coronavirus, according to Fitch Ratings. In its latest Global Commodities Strategy Continue Reading

Crude oil futures remained rangebound during the morning trade in Asia Nov. 20, as the announcement of a resumption of US stimulus talks failed to assuage concerns over rising COVID-19 Continue Reading

Oil is poised for a third weekly gain in New York as positive Covid-19 vaccine developments outweighed concerns about more restrictions stemming from a global surge in infections. Futures are back Continue Reading

Oil edged lower with growing virus restrictions and signs the labor-market recovery may be slowing in the U.S. dampens the near-term demand outlook. Futures fell as much as 1.8% in Continue Reading

Oil prices slipped on Thursday as hopes for a vaccine were overshadowed by a surge in new cases of the coronavirus around the world, which raised concerns about the outlook Continue Reading

In recent weeks, there have been some wild swings and speculation in the oil market. The two most influential developments have been Joe Biden’s victory in the U.S. presidential election Continue Reading