Tag Archives: Oil prices

Crude oil futures have been stuck near $40 a barrel in the last four months amid mounting concerns over fuel demand recovery as the number of coronavirus infections continue to rise worldwide. Oil markets were also under pressure, as energy companies in the US Gulf Coast began restoring output after …

Crude oil futures fell to trade around $41 a barrel on Friday, amid mounting concerns over fuel demand recovery as the number of coronavirus cases continue to rise worldwide. Still, WTI crude is heading for its first weekly gain in three and the largest since June amid prospects of more …

Oil prices rose Thursday as Hurricane Delta approached the US Gulf of Mexico, with oil producers evacuating their rigs and halting nearly 1.5 million barrels per day of oil output. Meantime, in a series of tweets, President Donald Trump urged Congress to pass a series of smaller, standalone bills after …

Oil prices went up Tuesday, supported by reports that US President Donald Trump was discharged from hospital following treatment for COVID-19. The leader returned to the White House on Monday after a three-night hospital stay and said he felt “real good”. Meantime, hopes for a fresh US stimulus renewed after …

Oil prices tumbled on Friday after US President Donald Trump tested positive for the COVID-19. In a tweet, Trump said he and first lady Melania tested positive for the virus after a top adviser, Hope Hicks, had returned a positive test. So far, global virus cases surpassed 34 million, with …

Oil prices fell on Thursday amid fears over rising global COVID-19 infections, which could slow a recovery in fuel demand. Reuters reported that concerns were growing in New York, where virus cases continued to climb. The pandemic so far has infected more than 7.2 million and killed more than 206 …

Crude oil fell to trade around $39.9 a barrel on Monday, amid mounting concerns about fuel demand recovery as the number of coronavirus infections worldwide continue to rise including Spain France, the UK, and Germany. Pressuring prices further were worries about the resumption of exports from Libya. According to two …

Oil prices dropped on Thursday, amid a rally in the dollar and concerns about deteriorating fuel demand as global COVID-19 infections linger. In Europe, a fresh wave of virus cases prompted authorities to reintroduce travel restrictions. Investors were also nervous after the Federal Reserve chair Jerome Powell warned that the …

Oil prices fell on Wednesday after an industry group reported a surprise rise in U.S. crude, adding to worries about demand that led to a steep selloff earlier in the week. Brent crude was trading down 30 cents or 0.7 per cent at $41.42 a barrel by 0347 GMT, after …

WTI crude futures fell more than 2% to trade around $40.2 a barrel on Monday, amid the potential return of output from Libya. Engineers working at Libya’s National Oil Corporation said that the company has restarted operations following the announcement of a partial lifting of force majeure. Pressuring prices further …