Oil prices edged higher on Friday, supported by a weaker dollar, though tensions between the United States and China weighed. Brent crude LCOc1 was up 26 cents at $43.57 a Continue Reading
Oil’s afternoon attempt to hold a rally failed after a breakdown in U.S. equities added to growing negative sentiment spurred by signals of a global economic slowdown. The coronavirus pandemic Continue Reading
Oil prices could be in for a correction in the near term if fuel demand recovery further stalls amid surging coronavirus cases in the United States, Barclays said on Thursday, Continue Reading
Crude oil futures were higher in Asia afternoon trade July 23 as the market reacted positively to news of further developments in the race for a COVID-19 vaccine, after they Continue Reading
Oil rose toward $45 a barrel in London, with a weaker dollar and stronger equity markets countering an expansion in U.S. crude stockpiles. Brent futures traded near their highest level since Continue Reading
Crude nearly erased all losses with a declining dollar and strong U.S. equities lending support to a market weakened by sluggish demand. Futures in New York settled close to flat after Continue Reading
Crude oil futures edged lower in mid-morning trade in Asia July 22 after an unexpected build in US crude inventories derailed an overnight rally on COVID-19 vaccine hopes and a Continue Reading
Oil climbed to the highest level since early March in London as indications of an economic recovery from the coronavirus pandemic helped drive a rally in commodities. Both Brent and West Continue Reading
Crude oil futures were rangebound in mid-morning trade in Asia July 21, as hopes of a potential vaccine for coronavirus helped offset concerns about the rising pandemic cases globally. At Continue Reading
Oil was anchored near $40 a barrel as investors weighed virus and weather-driven demand concerns against expectations U.S. crude and gasoline stockpiles continued to shrink. Vaccine trials are showing promising results but the Continue Reading
