Light Crude Clears $40 Amid Sign of More Stimulus
Oil gained as optimism that Congress may resume talks over another round of economic stimulus provided a glimmer of hope for an otherwise dreary demand outlook. Futures in New York Continue Reading
Oil Drops After Warnings on U.S. Economy and Global Crude Demand
Oil dropped in London and New York following warnings over global energy demand and the state of the U.S. economy. Crude fell along with other risky assets after Federal Reserve officials Continue Reading
Oil Prices Inch Upward on Inventory Report
Oil rose after a government report showed US distillate stockpiles declined the most since March but gains were limited. (Bloomberg) — Oil rose after a government report showed U.S. distillate Continue Reading
Oil Prices Rise After EIA Reports Crude Inventory Draw
Crude oil prices reversed their decline today after the Energy Information Administration reported an oil inventory draw of 1.6 million barrels for the week to September 18. This compares with Continue Reading
Natural Gas Prices Explode On Stronger Demand
Rallying from a seven-week low in the prior session, natural gas futures rose more than 15% on Wednesday afternoon as the demand outlook for natural gas improves. At 1:16 p.m. Continue Reading
Crude trades lower as US stock build, coronavirus infections weigh
Crude oil futures were lower in mid-morning trade in Asia Sept. 23 as a build-in US inventories and concerns over rising coronavirus infections in Europe weighed on the demand outlook. Continue Reading
Oil Resumes Drop With Demand Uncertainty Keeping Investors Wary
Oil edged higher as positive European manufacturing data and rising equity markets gave some respite to recent demand worries. Futures in New York for November delivery rose to over $40 a Continue Reading
Oil weakens after unexpected U.S. crude inventory rise
Oil edged lower on Wednesday trading below $42 a barrel, pressured by a report that U.S. crude inventories unexpectedly rose and as growing numbers of coronavirus cases around the world Continue Reading
Oil Prices Get Bump from Equities Rebound
Oil recovered from the steepest one-day loss in almost two weeks as equities advanced, though further gains may be limited by a resurgence in coronavirus cases and new lockdown measures. Continue Reading
Oil Market Flies Blind as Covid-19 Clouds Demand Outlook
Predicting oil demand has rarely been more challenging, buffeting prices and muddying the outlook for traders, investors and energy producers. Energy analysts are mapping out the course of the coronavirus Continue Reading