Oil edged lower as investors awaited the outcome of the tightly contested US presidential election. (Bloomberg) — Oil edged lower as investors awaited the outcome of the tightly contested U.S. Continue Reading
The energy sector has emerged as the worst-performing of the United States’ 11 market sectors in the current year, dropping to its lowest point relative to the S&P 500 since Continue Reading
When the pandemic pummeled the oil industry in the spring, many called the situation unprecedented. Prices were falling because of oversupply, but demand was failing to react to lower prices Continue Reading
Oil dropped in Asian trading — after jumping the most in a month on Wednesday — as expectations for a big dollop of U.S. fiscal stimulus receded following a closer-than-expected Continue Reading
Crude oil futures dived during midmorning Asia trading Nov. 5 as the demand-side gloom brought about by the pandemic festered in the markets gripped by uncertainty about the US elections. Continue Reading
As predicted, a second wave of COVID-19 is wreaking havoc on the world economy with many European nations contemplating new shut downs. It looks like it will be a tough Continue Reading
Oil prices fell on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election, though doubts remain over further huge stimulus to bolster Continue Reading
Oil futures settled higher Nov. 4 as the market eyed tightened supply outlooks following a US inventory draw and the possibility of extended OPEC+ production cuts. NYMEX December WTI climbed Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
The American Petroleum Institute (API) reported on Tuesday a major draw in crude oil inventories of 8.01 million barrels for the week ending October 30. Analysts had predicted an inventory Continue Reading
