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NYMEX Crude oil News
NYMEX Crude oil
Oil price edges lower as suppliers try to hold line on output cuts
Tue, Aug 18, 2020
Oil prices edged lower on Tuesday, mostly holding onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic.
Oil price eases as US stimulus hopes dim, virus cases rise
Wed, Aug 12, 2020
Oil prices fell about 1% on Tuesday after rising earlier in the session as hopes dimmed for a swift stimulus package to relieve the US economy as coronavirus cases increased globally.
Oil prices struggle to hold five-month high amid pandemic worries
Thu, Aug 06, 2020
Oil prices were unchanged on Thursday, struggling to hold onto five-month highs reached in the previous session, as fuel demand worries caused by a second wave of coronavirus infections.
Oil prices toppled from rising streak as jump in COVID-19 cases stokes fuel demand fears
Wed, Aug 05, 2020
Brent crude was down 16 cents, or 0.4%, at $44.27 a barrel by 0117 GMT. It finished 0.6% higher on Wednesday - the highest close since March 6.
Oil prices slip as COVID-19 case surge dents fuel demand hopes
Thu, Jul 30, 2020
Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand would stutter just as major oil producers are set to raise output in August.
Oil price rises after surprise drop in US inventories offsets demand concerns
Wed, Jul 29, 2020
Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States increased against expectations, giving the market a boost amid record increases of coronavirus infections in the US and elsewhere.
Oil rises on weaker dollar, but virus woes and US-China tensions weigh
Fri, Jul 24, 2020
Oil edged up on Friday as the dollar fell to an almost two-year low, although demand concerns stemming from rising coronavirus cases and US-China tensions kept a lid on prices.
Oil prices fall on US inventory build, increasing pandemic fears
Wed, Jul 22, 2020
Oil prices fell on Wednesday as industry data showed a bigger- than-expected inventory build in the United States.
Oil steady as vaccine news counters rise in virus cases
Tue, Jul 21, 2020
Brent futures were up 15 cents, or 0.4%, at $43.43 by 0117 GMT, while West Texas Intermediate (WTI) edged up 2 cents to $40.83.
Oil prices steady as clouds gather over fuel demand, looser supply curbs
Fri, Jul 17, 2020
Oil prices were unchanged on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries.
Oil price climbs 2 pct on US stock draw but gains capped as OPEC+ set to ease cuts
Thu, Jul 16, 2020
Oil prices rose 2% on Wednesday, supported by a sharp drop in U.S. crude inventories, but further gains were limited as OPEC and its allies are set to ease supply curbs from August.
Oil rises slightly as OPEC+ complies with production cuts
Wed, Jul 15, 2020
Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States.
Oil slips on surge in COVID-19 infections, US-China tension
Tue, Jul 14, 2020
Oil prices slipped about 1% on Monday after global coronavirus cases rose by a record daily amount, fanning fears of renewed government lockdowns, and on growing U.S. and European tension with China.
Oil price rises as International Energy Agency boosts demand forecast
Sat, Jul 11, 2020
Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast.
Oil falls as growing Coronavirus cases stoke fuel demand worries
Fri, Jul 03, 2020
Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world`s largest oil consumer, dimmed the prospects of fuel demand recovery.
Oil prices dip on demand worries as California reimposes restrictions
Thu, Jul 02, 2020
Oil prices slipped in early trade on Thursday after California reimposed some coronavirus lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand.
Oil flat, near highest since March, after Trump assurance on China trade
Wed, Jun 24, 2020
Oil prices were little changed on Tuesday, hovering near their highest levels since early March after U.S. President Donald Trump soothed jangled nerves over U.S.-China trade.
Oil prices steady amid signs of demand coming back after Coronavirus
Tue, Jun 23, 2020
Brent crude was up 6 cents at $43.14 a barrel at 0046 GMT, after gaining 2.1% on Monday. U.S. oil was up 8 cents at $40.81 a barrel, having risen 1.8% in the previous session.
Oil price hits three-month high over hopes for output cuts
Wed, Jun 03, 2020
Oil prices rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic.
Oil prices inch up ahead of OPEC plus meeting on extended output cuts
Tue, Jun 02, 2020
Oil prices crawled higher on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.