WTI Crude Oil
Oil price falls 2 pct on US stimulus impasse, stockpile rise
Thu, Oct 08, 2020
Oil prices fell nearly 2% on Wednesday after U.S. President Donald Trump dashed hopes for another stimulus package to boost the coronavirus-hit economy and after U.S. crude inventories rose in the most recent week.
More >
Oil price falls 4% after Trump gets coronavirus and economies wobble
Sat, Oct 03, 2020
Oil prices fell more than 4% on Friday, and posted a second weekly decline after U.S. President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatened to overwhelm the market`s weak recovery.
More >
WTI Crude: Oil prices add to losses as supplies swell amid weak demand
Fri, Sep 11, 2020
"Crude production is starting to return following a couple of storms, but a weak demand outlook and the start of maintenance season will keep the pressure on oil prices," said Edward Moya, senior market analyst at OANDA.
More >
WTI Crude: Oil prices slip as growing stockpiles signal bumpy fuel demand recovery
Thu, Sep 10, 2020
As coronavirus case surged in several U.S. states, the country`s crude stockpiles rose by 3 million barrels in the week to Sept. 4, data from the American Petroleum Institute showed on Wednesday. That compared with analysts` forecasts of a draw of 1.4 million barrels.
More >
Big trade houses see persisting oil stocks bubble
Tue, Sep 08, 2020
During the peak period of lockdowns in March and April, traders were forced to hastily store an additional 1 billion barrels of crude and refined products as oil demand cratered. Eventually, OPEC and other major producers announced record output cuts that helped oil prices rebound.
More >
WTI Crude: Oil price hits five-month highs as US producers cut output ahead of hurricane
Wed, Aug 26, 2020
WTI Crude: Oil prices rose to a five-month high on Tuesday as U.S. producers shut most offshore output in the Gulf of Mexico ahead of Hurricane Laura even as rising coronavirus cases in Asia and Europe capped gains.
More >
