Oil Prices Manage Slight Gain for Week
Oil posted a small weekly gain on tentative signs that demand is picking up even as a new wave of coronavirus cases casts a shadow over the market. Futures in Continue Reading
Oil dips on COVID-19 resurgence, fears of more supply
Oil prices edged lower on Friday, dragged down by concerns that a spike in COVID-19 cases in the United States and Europe will continue to drag on demand in two Continue Reading
Oil Falls as Demand Woes Counter Stockpile Drop
Oil fell toward $40 a barrel as the prospect of a resurgent virus forcing more stay-at-home measures in Europe and the U.S. outweighed a bigger-than-expected drop in American stockpiles. (Bloomberg) Continue Reading
COVID Kills Another Oil Rally
Yet another oil price rally has been cut short by COVID, with cases climbing in both the U.S. and across Europe as hopes of speedy oil demand recovery fade. For Continue Reading
Crude oil futures fall on bearish US export data, escalating coronavirus restrictions
Crude futures fell during mid-morning Asian trade Oct. 16, extending overnight losses, as a decline in US exports and escalating coronavirus restrictions overshadowed the large draw in US crude inventories. Continue Reading
Oil Prices Falter Despite US Inventory Draws
Oil recovered from early losses amid shrinking American crude and refined product stockpiles. (Bloomberg) — Oil recovered from early losses as shrinking American crude and refined product stockpiles offset signs Continue Reading
Oil Pares Losses After U.S. Crude and Fuel Supplies Decline
Oil recovered from early losses as shrinking American crude and refined product stockpiles offset signs that the fragile demand recovery is under threat. Futures in New York ended the session little Continue Reading
Oil Falls Back Below $41 With Dollar’s Gain, Weaker Stock Market
Oil dipped below $41 a barrel as the dollar gained and European stock markets slumped. Futures in New York dropped 1.4%, after rising on Wednesday. Equities slid in Europe after corporate earnings failed Continue Reading
Crude oil futures tick up on bullish API data, refinery activity
Crude oil futures ticked higher during mid-morning Asian trade Oct. 15, as positive data from the American Petroleum Institute and an increase in China’s and India’s refinery activities stoked bullish Continue Reading
OIL FUTURES: Crude tests six-week highs as fundamental outlooks tighten
Crude oil futures settled higher Oct. 14 as fundamental outlooks turned more bullish amid reports of improved OPEC+ quota compliance and rising Chinese crude demand. Receive daily email alerts, subscriber Continue Reading