Category: Prices

Oil may hit $50 over the next few months thanks to a moderate decline in global inventories that will accelerate by mid-2021, the chief executive of Vitol, Russell Hardy said Continue Reading

Crude oil prices pared back sharp overnight gains in mid-morning trade in Asia Nov. 10 as concerns over weak near-term demand fundamentals weighed on the rally spurred by the announcement Continue Reading

Oil extended gains, following Monday’s rally on optimism that a potential Covid-19 vaccine could boost a recovery in transport demand. Crude futures in New York approached $41 a barrel, after advancing Continue Reading

Oil surged by the most since May as news of a potential Covid-19 vaccine breakthrough injected fresh hope that an end is in sight to the worst demand slump in Continue Reading

 Crude oil prices surged during the mid-morning trade in Asia Nov. 9, shadowing the movement in other risk assets, as uncertainty subsided over the US presidential election result. Receive daily Continue Reading

Oil advanced near $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into the White House even as Donald Trump rejected the outcome Continue Reading

Oil pared its weekly gain as a resurgent pandemic raised the risk of further demand destruction, while the market awaits the outcome of a tightly contested U.S. election. Futures in Continue Reading

 Oil settled below $40 a barrel on Friday as rising global coronavirus cases stoked fears about lackluster demand and as drawn-out vote counting in the U.S. presidential election kept markets Continue Reading

Crude oil futures were lower in mid-afternoon on Nov. 6, as the list of European nations imposing lockdowns to stem the spread of COVID-19 grew larger, even as outcome of Continue Reading

Oil fell a second day, dropping below $38 a barrel in New York, as a surging coronavirus and uncertain U.S. elections weighed on sentiment. Futures dropped 2.7%, with equity markets Continue Reading