Oil Prices Fall Back After A Brief Rally
Friday, August 14th, 2020 Another week and another snoozer for oil prices. WTI and Brent remain in a narrow range, although their foothold in the $40s feels more solid than Continue Reading
Oil Drops With IEA Demand Outlook Pointing to Weakness Ahead
Oil fell the most in nearly a week as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel. U.S. Continue Reading
Natural Gas Prices Soar As Heat Wave Hits Large Parts Of U.S.
Natural gas prices spiked on Friday by nearly 9%, even as the weekly storage report showed little movement. Natural gas prices hit $2.367 by 2:26 pm EDT, an increase of Continue Reading
Oil Drops With IEA Demand Outlook Pointing to Weakness Ahead
Oil fell the most in nearly a week as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel. U.S. Continue Reading
Oil slips below $45 on demand doubts, rising supply
Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the coronavirus pandemic and rising supply. Two Continue Reading
Oil Prices Falter on Demand Forecasts
Oil fell the most in nearly a week as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel. Continue Reading
Oil slips after IEA lowers 2020 demand forecast
Oil prices eased on Thursday after the International Energy Agency lowered its 2020 oil demand forecast due to unprecedented travel restrictions to fight the coronavirus, but resilience in equities markets Continue Reading
Crude retreats after overnight rally, traders await fresh drivers
Crude oil futures were slightly lower in mid-morning trade in Asia on Aug. 13, as traders paused for fresh cues after an overnight rally on a larger-than-expected drawdown in US Continue Reading
Oil Trades Near $43 Though IEA Casts Doubt on Demand Outlook
Oil was steady near $43 a barrel after the International Energy Agency cut forecasts for global oil demand. Futures in New York edged higher though the agency reduced its estimates for almost every Continue Reading
Oil Prices Post Gains on Recovery Signal
Oil closed above a key technical level buoyed by U.S. energy data that suggest a much-awaited recovery in demand is underway as the summer driving season nears an end. Futures Continue Reading