Yahoo Finance NEW YORK – Oil prices rebounded from earlier losses on Thursday on the back of a weak dollar, but an International Energy Agency (IEA) report flagging slowing demand growth this year and a larger-than-expected jump in U.S. crude inventories capped gains. Brent crude futures were up $1.16, or 1.4%, at $82.76 a barrel by 11:31 a.m. EST. U.S.
BOE Report Oil prices slightly inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the world’s top oil importer. U.S. West Texas Intermediate (WTI) crude futures climbed 53 cents, or 0.72% higher, to $73.72 a
BOE Report Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer. West Texas Intermediate Crude fell $1.63, or 2.07%, to $77.19 a barrel. Brent futures for February fell $1.43, or 1.71%, to $82.39 a barrel. The scale of the latest outbreak and doubts
BOE Report Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world’s biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook. U.S. West Texas Intermediate crude for August delivery was at $99.48 a barrel, down $4.05, or 3.92%. Brent crude futures for September fell $3.47, or 3.27%, to $102.72
Reuters SINGAPORE – A lack of investment in new oil and gas supplies, amid a shift in focus to cleaner fuels, is likely to drive price volatility in the next decade as demand for traditional energy sources grows, senior industry executives said. Global energy investment saw its biggest fall on record here in 2020 when the COVID-19 pandemic hammered demand, while a
Reuters LONDON – Oil prices rose on Tuesday as broad hopes for a demand recovery persisted despite new outbreaks of the highly contagious Delta variant of the coronavirus prompting fresh mobility curbs worldwide. Brent crude futures were up 50 cents, or 0.7%, at $75.18 a barrel by 1400 GMT, having slumped by 2% on Monday. U.S. West Texas Intermediate (WTI)
Reuters LONDON – Oil prices steadied on Thursday, as the bullish impact of a fall in U.S. inventories was offset by a stronger dollar and a renewed wave of coronavirus cases in Europe that led several countries to reimpose travel restrictions. Brent crude LCOc1 futures rose 8 cents, or 0.2%, to $41.85 a barrel by 1408 GMT. U.S. West Texas Intermediate (WTI)
From Reuters Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers. Brent crude LCOc1 fell $2.08, or 3.36%, to settle at $59.81 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1
