Oil Slips On Surprise Crude Build
The American Petroleum Institute (API) estimated on Tuesday another build in crude oil inventories, this time of 3.857 million barrels for the week ending June 12. Analysts had predicted a Continue Reading
Oil Markets May Not Fully Recover Until 2022
Oil demand may not recover to pre-pandemic levels until 2022 at the earliest, according to a new report from the International Energy Agency (IEA). The surplus of crude oil sloshing Continue Reading
Crude oil futures slide as concerns of demand recovery persist
Crude oil futures were marginally lower in mid-morning trade in Asia June 16 amid persistent concerns over demand recovery. Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Oil Prices for June 16, 2020: Brent Crude, WTI
Oil hovered near $38 a barrel as investors weighed the International Energy Agency’s projection that consumption won’t fully recover until at least 2022 against economic stimulus in the U.S. and Continue Reading
Canadian Banks Hit Hard By Low Oil Prices
Canada’s government has been perhaps surprisingly ready to help the country’s ailing oil industry. Interest-only loans , backstopping loans that troubled companies can’t pay have been among the steps taken Continue Reading
Oil Falls for a Third Day With Second-Wave Virus Risks in Focus
Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery. Futures Continue Reading
Global Stocks Slide on Fears Over Fresh Virus Outbreaks
Stock futures and international indexes fell, as investors questioned whether fresh outbreaks of the new coronavirus could hold back global economic recovery. S&P 500 stock futures fell about 3% and Continue Reading
The Oil Price Rally May Have Gone Too Far
Oil prices are set for their first weekly loss in over a month as a jump in COVID-19 cases threaten the economic recovery while oil supply continues to come back Continue Reading
Oil Set for First Weekly Drop Since April on Second-Wave Fears
Oil is heading for the first weekly loss since late April in New York on fears a second wave of U.S. infections could derail a fragile recovery. The market has shrugged Continue Reading
Oil falls, rally ends as U.S. sees resurgence of coronavirus infections
Oil prices fell on Friday, extending big losses from overnight as U.S. coronavirus cases surged this week and raised the prospect of a second wave of the COVID-19 outbreak hitting Continue Reading