Oil reclaimed heights not seen since the pandemic shocked markets in the spring, with the start of the U.S. presidential transition and improved vaccine prospects infusing optimism across markets.
Author: Andres Guerra Luz
Oil Poised for Weekly Increase on COVID-19 Vaccine Optimism
Oil is poised for a third weekly gain with positive COVID-19 vaccine developments paving the way for a more sustained recovery in oil demand.
Oil Poised for Weekly Increase on COVID-19 Vaccine Optimism
Oil is poised for a third weekly gain with positive COVID-19 vaccine developments paving the way for a more sustained recovery in oil demand.
Oil Clings to Rally on Signs of Coronavirus Vaccine Progress
Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build.
Oil Poised for Worst Month Since March With Growing Curbs
Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.
Oil Drops With Rising US Supplies Adding to Stimulus Concern
Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.
Oil Falls on Growing Chorus of Warnings About Demand Recovery
Oil in New York plunged below a key technical level for the first time since June as concerns over progress on another round of U.S. fiscal stimulus compounded growing fears that a sustained recovery in demand is still some way off.
Oil Sinks With Equities on Wavering Hopes for Demand Pickup
Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.
Gasoline Rises to Five-Month High on US Gulf Hurricane Threat
Gasoline futures surged as Hurricane Laura headed toward the U.S. Gulf Coast, threatening refinery operations and crude production in the region.
Oil Set for Weekly Drop in Wake of Sluggish Global Economies
Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.