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Crude Oil

Oil Prices Hit Levels Last Seen in March on Vaccine ...

Oil rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal, which took prices to levels last seen when an oil price war erupted in early March between Russia and Saudi... July 21, 2020 12:51 pm By Neha Mule

Oil Down as U.S. Virus Spike Stokes Demand Worries

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude LCOc1 futures declined by 44 cents,... July 7, 2020 10:48 am By Neha Mule

Oil Prices Gain on Fall in U.S. Crude Stockpiles

Oil prices rose on Thursday as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand. ... July 2, 2020 12:54 pm By Neha Mule

Oil Slips Towards $40 on Record U.S. Inventories, CO...

Oil slipped towards $40 a barrel on Thursday after a more than 5% fall the previous session, as record-high U.S. crude inventories and a resurgence in coronavirus cases cast doubt on a recovery in fuel demand.... June 25, 2020 10:41 am By Neha Mule

Oil Tops $42 as OPEC+ Laggards Pledge Better Complia...

Brent oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and on signs of demand, hit by the coronavirus crisis, reco... June 19, 2020 2:33 pm By Neha Mule

United States Oil Fund Receives Green Light to Issue...

The United States Oil Fund LP, the largest U.S. oil-focused exchange-traded product, stated on Friday in a regulatory filing that it has gained approval to resume offering new shares. USO’s registrat... June 13, 2020 11:09 am By Neha Mule

Oil Prices Rise as Easing of Lockdown Spurs Fuel Dem...

Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though gains were capped by the spectre of persistent oversuppl... June 9, 2020 7:13 am By Neha Mule

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