Oil rebounded as a new virus treatment showed promising results, but rising Covid-19 cases continued to weigh on the market. Oil gained 2.4% in New York on Friday, but is still Continue Reading
Oil fell as the International Energy Agency said a jump in Covid-19 cases could derail the market recovery, while Libya signaled the potential restart of crude exports. Futures slipped below $39 Continue Reading
Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases Continue Reading
Oil tumbled to the lowest level in more than a week as a resurgence in coronavirus cases and impending U.S. layoffs darken the economic outlook. Futures in New York slid Continue Reading
Oil traded below $41 a barrel in New York as coronavirus cases continued to surge across the world and U.S. crude stockpiles grew. Nationwide inventories rose last week, with supplies at Continue Reading
Crude oil inventories in the United States swelled by 5.7 million barrels in the week to July 3, the Energy Information Administration reported , but gasoline inventories drew down. Analysts Continue Reading
Gasoline demand appears to be weakening in some parts of the United States, as the coronavirus continues to spread. The states hardest hit by the surging number of infections are Continue Reading
Oil was anchored below $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles, while concerns linger about the threat to demand from rising coronavirus Continue Reading
Crude futures in New York were unable rise above $41 over mounting concerns that a recovery in U.S. gasoline demand is faltering with the coronavirus continuing to spread. Depressed demand Continue Reading
The recovery in oil demand and the less-than-feared demand destruction earlier this year will support oil prices next year when producers will be playing catch up with demand, and Brent Continue Reading
