Tag «Oil»

Oil prices drop for fourth day as COVID-19 second wave worries intensify

Brent Oil, Commodity, Crude oil, OIL,

By Administrator_India Capital Sands “Since April we have seen a miraculous recovery in oil demand – which is now at about 92% of pre-pandemic levels, but it’s too early to declare an end to the COVID-19 oil demand destruction era,” said Rystad Energy oil markets analyst Louise Dickson. A meeting on Monday of a ministerial …

Oil Edges Up From Three-Week Low as Trump’s Outlook Improves

Oil Edges Up From Three-Week Low as Trump’s Outlook Improves

By Administrator_India Capital Sands Oil inched higher in New York as President Donald Trump’s doctors gave an upbeat assessment of his health even as labor market weakness heightened concerns over an economic recovery. U.S. crude futures added as much as 0.5% after slumping 4.3% in volatile trading on Friday on news that the U.S. president had …

Oil prices fall further on virus fears, U.S. crude stock build

Oil Edges Up From Three-Week Low as Trump’s Outlook Improves

By Administrator_India Capital Sands Oil prices slipped on Thursday, extending losses of more than 5% in the previous session, weighed down by record high U.S. crude inventories and worries that a rapid resurgence in COVID-19 cases could choke a revival in fuel demand. U.S. WTI crude futures fell 26 cents, or 0.7%, to $37.75 per barrel at …

Oil Retreats Over U.S.-China Trade Deal Comments

Oil Retreats Over U.S.-China Trade Deal Comments

By Administrator_India Capital Sands Oil was down on Tuesday morning in Asia, giving up its earlier gains from the session. Brent oil futures fell 0.46% to $42.88 by 10:17 PM ET (3:17 AM GMT) and WTI futures slid 0.61% to $40.48. Investors were spooked after White House trade adviser Peter Navarro told the press on Monday that the …