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Oil Prices Soar on Output Cuts

Oil prices surged on Monday after Saudi Aramco said that it sees a rebound in oil demand in Asia as more economies gradually open up after the easing of COVID-19 lockdowns and despite a resurgence of virus cases in some places. Also, Iraq said Friday that it would reduce its …

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Oil Prices Ending Week with 4% Drop

West Texas Intermediate (WTI) futures were down near 2 per cent on Friday, extending a 3 per cent fall in the previous session and getting close to end the week 4 per cent lower as investors remain concerned that a new wave of coronavirus infections in the US and worldwide will …

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Oil Prices Soar as US Stockpiles Fall

Oil prices were up more than 2% on Wednesday after API reported an 8.156 million draw in US crude oil inventories which was the biggest decline since August of 2019. Investors now await official EIA figures to be released later in the day, However, a spike in the number of …

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