Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases points to a slower pick-up in fuel demand. Brent crude futures slid 26 cents, or 0.6%, to $43.26 a barrel by...
-Oil was up Friday morning in Asia, a day before the Organization of the Petroleum Exporting Countries (OPEC) opens up more production and new data pointed to an uncertain economic recovery. Brent oil futures rose 0.39% to $43.42 by 11:33 PM ET (4:33 AM GMT) and...
Oil declined as investors shifted their focus to domestic supply, with expectations for another build in already swelling U.S. stockpiles. Futures in New York fell 1.3% on Tuesday. Analysts in a Bloomberg survey expect a 450,000-barrel gain in U.S. crude stockpiles. While the industry-funded American Petroleum...
Oil was up on Friday morning in Asia, but increases were limited by demand concerns. Brent oil futures 0.14% to $43.37 by 10:28 PM ET (3:28 AM GMT) and WTI Futures also rose 0.15% to $41.13. A supply glut, the continuing spread of COVID-19 in the U.S. and elsewhere,...
-Oil prices were modestly up on Thursday morning in Asia even after a surprise jump in crude inventories in the U.S. that saw prices fall from four-month highs in New York on Wednesday. The U.S. Energy Information Administration (EIA) reported a big build in crude oil...
-Oil settled at the highest level since early March in London as indications of an economic recovery from the coronavirus pandemic helped drive a rally in commodities. Both Brent and West Texas Intermediate crude futures jumped more than 2% during Tuesday’s session. European Union leaders agreed...
-Oil prices dropped on Monday, amid concerns that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. Brent crude (LCOc1) was down 36 cents, or 0.8%, at $42.78 a barrel by 0653 GMT, after dropping...
-Oil prices fell on Thursday after OPEC and other producers including Russia agreed to ease record supply curbs from August, though the drop was cushioned by tightening global inventories as economic activity picks up. Brent crude fell 45 cents, or 1%, to $43.35 per barrel. West...
-Oil rose on Wednesday morning in Asia, with investor sentiment improving after the U.S. reported a significant drop in crude oil inventories. The American Petroleum Institute (API) estimated an 8.322 million-barrel draw for the week ended July 10. The draw was bigger than analyst forecasts of...
Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude fell 27 cents to $42.97 a barrel by 0114 GMT while...
