Oil Price
Oil Falls as OPEC+ Set to Boost Output
Oil prices fell on Monday on fears about the economic fallout from rising COVID-19 cases around the globe and on oversupply worries as OPEC and its allies are set to wind back output cuts in August.
Br...
August 3, 2020
1:01 pm By Neha Mule
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
Asian Stocks, Oil Fall as Second Wave Fears Grow
Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighe...
June 15, 2020
6:30 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