Author: Jessica Summers and Andrew Marquardt

Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market.

Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market.

Oil’s recent rally has hit a ceiling, with U.S. crude inventories holding near a record high and gasoline demand still at the weakest seasonal level in more than 20 years.

Oil’s recent rally has hit a ceiling, with U.S. crude inventories holding near a record high and gasoline demand still at the weakest seasonal level in more than 20 years.

U.S. crude futures reversed course with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery.

U.S. crude futures reversed course with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery.