Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the Continue Reading
It may seem that the worst-case scenario has already come to pass, as United States crude prices plunged far below zero on Monday, with the West Texas Intermediate crude benchmark Continue Reading
Oil prices rose on Friday but still posted a weekly loss, the eighth in nine weeks, as global production cuts could not keep pace with the collapse in demand caused Continue Reading
Oil edged lower for the week after paring losses following the dramatic collapse on Monday that saw prices in New York plunge below zero for the first time in history. West Continue Reading
Barring any steep jump the rest of the session on Friday, prices are heading for their eighth weekly loss in the last nine, one of the most volatile weeks in Continue Reading
While it may be tempting to argue that the worst is behind us for oil price given the historic collapse in WTI which crashed to negative $40 on Monday as Continue Reading
The worst week in oil market history is finally coming to an end, but some analysts are suggesting there may be more pain in store as crude storage cross the Continue Reading
Crude-oil prices jumped Thursday, extending a string of wild moves that are ricocheting across financial markets and roiling the global energy industry. While prices have clawed back ground over the Continue Reading
Oil advanced as traders eye a production slowdown that has resulted from the coronavirus-led weaker demand environment. Futures gained 20% in New York on Thursday. With crude trading below $20-a-barrel, U.S. production Continue Reading
Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the COVID-19 pandemic. Continue Reading
