Tag: Oil Price
Oil jumps above $41 as storm hits U.S. output, inventories drop
Oil rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore production and an industry...
Oil prices decline as EIA reports first weekly U.S. crude-stock climb...
(MarketWatch) Oil prices declined on Thursday after U.S. government data revealed a weekly climb in U.S. crude inventories, on the heels of...
Brent hits five-month high
(Reuters) - Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi...
Oil rises after bigger-than-expected drop in inventories
(Reuters) - Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts expected, bolstering...
Brent outlook for 2020 stands at $42.35 as Guyana expected to...
New oil producer Guyana is expected to lift 2 million barrels more of Liza crude this year, representing the country’s share of 5 million...
Crude oil futures edge higher
Crude oil futures were marginally higher in mid-morning Asian trade Aug. 7 as optimism over a better-than-expected US jobs report and pledged compensation cuts...
Oil hits 5-month high just days ahead of Guyana’s 3rd lift
Just days ahead of Guyana lifting its third million-barrel oil cargo, Reuters said in a report on Wednesday oil prices rose to their highest...
Oil edges lower on oversupply concerns as OPEC+ set to raise...
(Reuters) - Oil prices fell on Monday on concerns about oversupply as OPEC and its allies, together known as OPEC+, are due to pull...
Oil prices hit levels last seen in March on vaccine hopes,...
(Reuters) - Oil rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal, which took prices to levels...
Oil falls on resurgence of virus cases, oversupply
(Reuters) - Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United...