Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike.
Author: Olivia Raimonde
Oil Slides With Glut Concerns Eclipsing Demand Recovery
Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories.
Oil Slides With Glut Concerns Eclipsing Demand Recovery
Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories.
Oil Climbs on Biggest Jump in US Gasoline Demand in 11 Months
Oil rallied on optimism that consumption could gradually return as major producers continue to cut output to counter a global glut.
Oil Swings After Major Index Bails Out of June Contract
Oil resumed losses after a brief bounce higher amid the aftershocks of a major index tracked by billions of dollars in funds exiting near-term contracts for fear prices may turn negative again.