Crude Oil
Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut
Mon, Aug 10, 2020
Oil prices climbed in early trade on Monday, clawing back over half of Friday`s losses, on hopes for a stimulus deal to shore up the U.S. economic recovery and a pledge from Iraq to deepen its crude oil supply cuts.U.S. West Texas Intermediate (WTI) crude futures rose 49 cents, or 1.2%, to $41.71 a barrel at 0010 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel
More >
Oil falls as worsening pandemic threatens recovery
Mon, Jul 20, 2020
Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. Brent crude was down 10 cents, or 0.2%, at $43.04 a barrel by 0047 GMT, after dropping slightly last week. U.S. oil was off by 6 cents, or 0.2%, at $40.53 a barrel, after gaining 4 cents last week
More >
Oil dips, heading for weekly loss as virus cases rise
Fri, Jul 10, 2020
Oil prices dipped on Friday after steep falls in the previous session and were set for a weekly decline on worries renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere will suppress fuel demand
More >
Oil steadies as economic data overshadows coronavirus worries
Wed, Jul 08, 2020
Oil prices settled little changed on Tuesday as demand concerns due to a new surge in coronavirus cases overshadowed U.S. government forecasts for lower production. Brent crude futures settled at $43.08 a barrel, down 2 cents in the session. U.S. West Texas Intermediate settled down 1 cent at $40.62 a barrel
More >
Oil prices inch higher on output cut support, but U.S. coronavirus spike caps gains
Tue, Jul 07, 2020
Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand. U.S
More >
Oil prices mixed as coronavirus spike casts shadow over U.S. demand
Mon, Jul 06, 2020
Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States
More >
Outlook for oil remains positive as lockdown restrictions ease; expert says
Wed, Jul 01, 2020
Crude Oil Outlook: The outlook for crude oil remains positive in the near term as lock down restriction ease across the world, Senior Technical Analyst Anuj Gupta said. He added that inventory situation is improving as the demand for petrol and diesel rise
More >
Oil prices inch up on faith in supply cuts, demand recovery
Fri, Jun 19, 2020
Oil prices pushed higher in early trade on Friday, building on gains in the previous session, after OPEC producers and allies promised to meet their supply cut commitments and two major oil traders said demand was recovering well
More >
Oil prices drop on demand worries as coronavirus cases rise
Thu, Jun 18, 2020
Oil prices fell more than 1% in early trade on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay home and stall a recovery in fuel demand even as lockdowns ease
More >
Oil prices drop as rising U.S. coronavirus cases stoke fears of weak fuel demand
Mon, Jun 15, 2020
Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery
More >
Oil price, after tripling from its bottom, may rise by 3-4 pct, expert says
Thu, May 28, 2020
Oil price has reached its immediate peak after a big rally as it has more than tripled from its bottom and the outlook for the commodity is that there is not likely to be an upside from here, Amit Sajeja, Assistant Vice President, Research, at Motilal Oswal told Zee Business
More >
