Oil markets are gaining a sense of stability.
Oil markets are gaining a sense of stability. A recovery is underway as drivers return to roads–and even if the upturn in fuel demand slows, some traders are confident that Continue Reading
$40 Could Be Magic Number for Some Oil Players
Here is a preview of issues to watch this week in the oil and gas markets. The $40 per barrel level for West Texas Intermediate crude oil could trigger an Continue Reading
Behind Oil’s Rise Is a Historic Drop in U.S. Crude Output
The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading
Crude Slips in the U.S. With Bleak Summer Demand Outlook
U.S. crude futures edged lower with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery. As coronavirus infections rise across much of the U.S., major Continue Reading
Crude oil futures mixed awaiting fresh drivers
Crude oil futures were mixed during mid-morning trade in Asia July 6 as the market awaits for fresh drivers to kick start the week. Not registered? Receive daily email alerts, Continue Reading
Oil Edges Higher With Investors Weighing Supply Against Virus
Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed. Brent gained 1.3% in London to near the Continue Reading
Oil up on tighter supply, expectations for positive data
Oil prices rose on Monday, supported by tighter supplies and a string of data expected to show economic recovery across the globe and despite a spike in coronavirus cases in Continue Reading
World shares rally to four-week highs as investors bet on China revival
Global stock markets rallied to four-week highs on Monday as investors counted on a revival in Chinese activity to boost global growth, even as surging coronavirus cases delayed business re-openings Continue Reading
Second Covid Wave Could Send Oil Prices Into “Tailspin”
Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the coronavirus across the United States Continue Reading
Oil Prices Up for the Week
U.S. futures and European stocks dropped on Friday as investors mulled a reported conflict among policy makers over a stimulus package for the single-currency region, as well as political upheaval Continue Reading