The number of Americans seeking unemployment benefits fell for a second week while remaining elevated, as the labor market makes scant progress amid risks of further weakness without additional federal Continue Reading
Crude oil futures ticked up during mid-morning trade in Asia Oct. 8, clawing back some of the overnight losses, as the impact of a build in US crude inventories was Continue Reading
Oil rose near $40 a barrel in New York with the market turning its attention to a hurricane that’s caused widespread shut-ins to Gulf of Mexico output. Energy operators in the Continue Reading
Oil declined after a US government report showed an expansion in crude stockpiles. (Bloomberg) — Oil declined after a U.S. government report showed an expansion in crude stockpiles during a Continue Reading
The oil market has already priced in the slowing global demand recovery and the growing uncertainties about the economy amid resurging coronavirus cases in many parts of the world. Analysts Continue Reading
Crude oil futures took a dive during mid-morning Asian trade Oct. 7, erasing overnight gains, as US President Donald Trump ordered a stop to discussions over a new stimulus package, Continue Reading
Oil pulled back from a two-week high in New York after President Donald Trump said he’s halting stimulus talks until after the election, sapping optimism for a much-needed boost in Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 951,000 barrels for the week ending October 2. Analysts had predicted an inventory build of Continue Reading
Oil prices rose more than 2% on Tuesday, supported by expected supply disruptions from a hurricane approaching the Gulf of Mexico and an oil worker strike in Norway. The market Continue Reading
With winter around the corner, the outlook for natural gas demand just got a boost. Forecasts, for now, seem to point to a normal winter, meaning a rise in gas Continue Reading
