Tag: Oil Price
Brent drops below $40 as renewed pandemic restrictions cloud outlook
(Bloomberg) --Oil fell sharply with broader markets as renewed restrictions on movement in Europe clouded the outlook for consumption once again. Crude futures in New...
Oil price slides below $39 as Libya ramps up production
(Bloomberg) --Oil extended its slide to a second day on a cocktail of surging coronavirus cases in the U.S. and Europe, dwindling prospects for...
Oil loses 4% after Trump gets coronavirus and economies wobble
(Reuters) - Oil prices fell more than 4% on Friday and posted a second weekly decline after U.S. President Donald Trump tested...
Oil falls as virus count mounts, U.S. debate looms
(Reuters) - Oil prices fell on Tuesday as Europe and the United States grappled with a surge in new coronavirus infections and...
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...