U.S. Crude Too Pricey For Asian Markets
Slumping Asian oil demand amid the coronavirus outbreak has led to a sharp drop in Middle Eastern and Asian regional crude prices, while prices for rival U.S. WTI Midland grade Continue Reading
Oil slides for fourth day as pandemic fears deepen
Crude prices slid for a fourth day on Wednesday as Asia and oil-producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of Continue Reading
World shares slump for fifth day, bets grow on interest rate cuts to counter damage
World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs and U.S. bond yields held near record lows after governments and health Continue Reading
Oil prices under pressure due to coronavirus, excess oil supply: IEA’s Birol
Oil prices are under downward pressure and have been immune to geopolitical risk due to a market awash with crude and the impact of the coronavirus on demand, the International Continue Reading
Asian jet fuel under more downward pressure as S Korean airlines halt flights
The near-term outlook for the Asian jet fuel market is set to remain bleak as South Korean carriers join other Asian airlines in halting all flights to the country’s fourth-largest Continue Reading
Global Stocks Stabilize After Deep Selloff
Global stocks and U.S. futures held steady Tuesday after escalating concerns about the economic impact of the coronavirus triggered a sharp selloff on Wall Street a day earlier. Futures tied Continue Reading
Wall Street plunges on fears of coronavirus pandemic
The S&P 500 and the Dow Jones Industrial Average on Monday suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China fanned worries Continue Reading
Oil sinks 4% on demand concerns as coronavirus spreads
Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude. Continue Reading
Crude oil futures dive as COVID-19 cases outside China climb
NYMEX and ICE Brent crude futures were substantially lower in mid-morning trade in Asia Monday, having recovered slightly from the more than 3% dive at the open, as the rise Continue Reading
US gas prices steady at $2.53 per gallon over past 2 weeks
The average U.S. price of regular-grade gasoline remained steady at $2.53 per gallon over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the Continue Reading