Category: Prices

Both the President and First Lady of the United States have tested positive for COVID-19 on a day when Brent oil prices crash below $40 and the U.S. rig count Continue Reading

The unemployment rate dropped to 7.9% in September, but job creation slowed to 661,000, compared with the 1.5 million jobs created in August. WSJ’s Sarah Chaney explains the significance of Continue Reading

Oil extended losses on Friday as it got caught up in a broad downward move in financial markets after President Donald Trump said he had tested positive for the Covid-19 Continue Reading

 Oil prices extended losses to about 3% on Friday after U.S. President Donald Trump said he has tested positive for COVID-19, while agreement on a U.S. stimulus package eluded negotiators Continue Reading

Oil slid to a two-week low as conflicting signals over the prospect of U.S. fiscal relief added to concerns over a recovery in consumption. Futures in New York tumbled 3.7% Continue Reading

Oil prices took another dive on Thursday, with the price of WTI falling more than 6% by late morning as OPEC’s production increased in September over August. Spot prices for Continue Reading

Oil flipped between gains and losses near $40 a barrel with a challenged demand outlook weighed against a potential U.S. stimulus package. Futures in New York reversed an earlier gain to Continue Reading

 Oil prices fell on Thursday as rising coronavirus cases dampened the demand outlook, with further price pressure from a rise in OPEC output last month, though losses were capped by Continue Reading

Oil rose the most in two weeks after U.S. stockpiles declined last week but futures ended the month down nearly 6% as flareups in coronavirus cases continue to cloud prospects Continue Reading

Oil prices stabilized today after the Energy Information Administration reported a crude oil inventory draw of 2 million barrel s for the week to September 25. At 492.4 million barrels, Continue Reading