Oil Prices Get Boost from Stronger US Equities
Oil edged up with support from U.S. equities, but pandemic-driven demand concerns capped the price rebound. Crude futures in New York managed to close 0.5% higher on Monday, boosted by Continue Reading
Nat Gas Prices Crash As U.S. Exports Fall
The price of natural gas fell nearly 5% on Monday, as lower U.S. LNG exports threaten to exacerbate inventories, which are already significantly higher than the five-year average. The price Continue Reading
Crude oil futures slip on rising coronavirus infections worldwide
Crude oil futures traded lower during mid-morning trade in Asia July 20 as rising coronavirus infections worldwide weighed market sentiment down. At 10:30 am Singapore time (0230 GMT), ICE Brent Continue Reading
Oil Extends Losses With Virus Concerns Clouding Recovery Outlook
Oil extended declines toward $40 a barrel as concerns about demand linger with the coronavirus raging across many regions. Infections flared by a record in Hong Kong, and Los Angeles is on the Continue Reading
Oil Prices End Week on Tepid Note
Crude clung to losses amid a combination of weak economic data and signals that a recovery in consumption may be slowing. Futures posted a 0.4% decline in New York on Continue Reading
Brent edges lower but hovers just above $43/b on mild optimism
Crude prices edged mildly lower at midday during European trade July 17, as market participants digested OPEC+’s supply boost announced earlier this week and awaited more clarity on the demand Continue Reading
Oil prices slip as coronavirus cases surge
Oil prices edged lower on Friday as concerns about the surge in coronavirus cases sapping fuel demand while major crude-producing nations ready increases in output. The United States reported at Continue Reading
Oil Market Tightens, But Second Wave Looms
Bullish data from the EIA and promises from OPEC+ to eradicate under-compliance boosted oil markets, but fears of a second wave of COVID-19 cases are keeping a cap on oil Continue Reading
Crude futures rangebound as supply tightens amid clouded demand outlook
Crude oil futures traded steady to higher in mid-morning trade in Asia July 17, supported by tightening global crude supplies, even as rising coronavirus cases worldwide continued to cloud the Continue Reading
Oil Prices for July 17, 2020: Brent Crude, WTI
Oil fell on signs that the recovery in oil consumption may be starting to slow. Futures in New York fell below $41 a barrel after struggling to surpass their highs from Continue Reading