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 extended its decline below $39 a barrel in New York, heading for the first monthly loss since April, as the world’s biggest trading houses signaled a meaningful recovery in Continue Reading
Oil futures slipped during mid-morning trade in Asia Sept. 30, extending overnight declines, as a build in US gasoline inventories fueled bearish sentiment in a market already reeling from the Continue Reading
Oil futures settled sharply lower Sept. 29 as fundamental outlooks dimmed in light of resurgent coronavirus infections and rising Middle East crude supply. Receive daily email alerts, subscriber notes & Continue Reading
The top executives at some of the world’s largest independent oil traders do not expect global oil demand to materially improve over the next six to nine months—Instead, they expect Continue Reading
Crude oil futures edged lower during mid-morning trade in Asia Sept. 29 amid persistently weak demand and supply fundamentals, surrendering some of the gains made overnight on the back of Continue Reading
Oil edged lower toward $40 as a global market rally cooled and traders look to U.S. inventory data for clues on-demand recovery. Futures slipped 0.7% in New York, after earlier Continue Reading
Crude oil rose to the highest in more than a week in New York and London on optimism that a deal could still be struck for a fresh round of Continue Reading
Oil prices are unlikely to move much higher from the current levels in the low $40s, at least not for the rest of the year, a growing number of analysts Continue Reading
A significant cooldown has arrived, with the jet stream from Canada plunging this weekend, which will allow the eastern United States to experience its first taste of fall for much Continue Reading
