Oil Rally Stalls On Demand Concerns
July West Texas Intermediate crude oil futures are under pressure on Friday, but still in a position to finish higher for the week. This week’s rally has been fueled by Continue Reading
Is The Oil Rally Coming To An End?
Oil prices are continuously rising despite the uncertainty surrounding COVID-19, with WTI nearing a two-month high on Friday morning For further research, analysis and trade recommendations, make sure you read Continue Reading
Oil Posts Fourth Weekly Gain Despite Doubts Over China Growth
l fell, paring a weekly gain, as investors weighed improving supply fundamentals against doubts surrounding China’s economic growth. Futures in New York slid 2% Friday but notched a 13% increase Continue Reading
Oil falls on China-U.S. tensions, energy demand doubts
Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. Fuel demand plummeted in recent months Continue Reading
Oil Price Disruption Eases as Physical Crude Demand Jumps
In a sign that oil markets are returning to relative normality, the once yawning gap between the price of an actual physical barrel of oil and futures prices has narrowed Continue Reading
Oil Retreats From Two-Month High With Doubts Over China Economy
Oil retreated from the highest level in more than two months with doubts emerging over the strength of China’s economic recovery and as tensions rose between Washington and Beijing. Futures in Continue Reading
Oil Posts Longest Streak of Gains in More Than a Year
Oil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled away at a stubborn supply glut. Futures climbed 1.3% Continue Reading
Crude gains marginally on US inventory drawdown; pandemic weighs
Crude oil futures traded marginally higher in mid-morning trade in Asia Thursday on easing supply glut concerns after latest EIA data showed a drawdown in US crude inventories. At 10:05 Continue Reading
Oil Climbs As Fears Of Negative Prices Fade
Trader anxiety has earned a reprieve, with oil markets dodging one of many bullets after a key U.S. benchmark oil futures contract avoided a repeat of the April fiasco that Continue Reading
Shares lose footing, oil marches on
Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though those worries couldn’t stop oil prices from marching to a Continue Reading