Oil slips to $45 on demand concerns, set for weekly rise
Oil dipped to around $45 a barrel on Friday on worries that a demand recovery would slow due to a resurgence of coronavirus cases, although a pledge from OPEC member Continue Reading
Oil Drops as Demand Concerns Offset Tightening Supply
Oil futures fell for the fist time in a week as uncertainty over an economic recovery in the U.S. that could boost fuel consumption offset signals of tightening global supply. Continue Reading
Crude oil futures stable on US stocks draw; COVID-19 cases
Crude oil futures were rangebound during mid-morning trade in Asia Aug. 6 as the continued spread of COVID-19 worldwide weakened sentiment, overturning some of the gains from the overnight rally Continue Reading
Oil Climbs From Five-Month High With U.S. Stockpiles Shrinking
Oil extended gains after closing near a five-month high in New York on Wednesday as U.S. crude stockpiles declined more than expected, offsetting expanding fuel inventories and softer demand. Crude stockpiles Continue Reading
Oil prices just under five-month highs, supported by weaker dollar
Oil prices slipped just below five-month highs on Thursday, with support from a weak dollar .DXY and falling U.S. crude inventories undermined by bearish sentiment about fuel demand. Brent crude Continue Reading
Brent Tops $45
Oil climbed to a five-month high in London, topping $45 a barrel after U.S. industry data showed a decline in the nation’s stockpiles. Brent futures gained for a fourth day, Continue Reading
Crude oil futures stable in Asia trade amid demand concerns, US-China tensions
Crude oil futures were largely stable in mid-morning trade in Asia August 5 as concerns over the demand outlook amid a resurgence in regional coronavirus infections and rising geopolitical tensions Continue Reading
Oil prices rise after big drop in U.S. crude stocks
Oil prices firmed on Wednesday after data showed a big drop in U.S. crude inventories, although concerns mounting coronavirus infections will lead to reduced fuel demand capped gains. Brent crude Continue Reading
Oil climbs as stimulus bill progress, strong US factory data support demand outlooks
Crude oil prices settled higher Aug. 4 following more bullish US economic data and expectations of a large drawdown in US crude inventories. NYMEX September WTI settled 69 cents higher Continue Reading
Oil edges up to highest since March on hopes for U.S. stimulus
Brent oil futures on Tuesday closed at their highest since early March on hopes the United States is making progress on a new economic stimulus package, as well as curbing Continue Reading