Futures Movers: Crude prices slide on worries about oversupply, China virus fallout

Oil prices fell on Friday with fears for fuel demand growing as the coronavirus epidemic that originated in China spread further beyond the country, while major crude producers stood pat on taking early action to cut output to support the market......»»

Oil futures find support on expectations that efforts by China to stimulate the economy will blunt the hit to crude demand from the country’s COVID-19 outbreak......»»

Oil futures rise Tuesday, boosted by hopes a slowdown in the number of new, confirmed cases of COVID-19 in China would translate into a smaller-than-feared hit to crude demand......»»

Oil prices on Monday extended their decline from an early January peak above $70 as the specter of excess supplies loomed over the market after the spreading coronavirus outbreak hit demand in China, the world's largest oil importer......»»

Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia's energy minister sought to calm the market......»»

REUTERS/Balazs Koranyi Oil prices fell Friday and are on track for the worst week since July amid fears that China's Wuhan virus will damage global demand. Futures of West Texas Intermediate crude slipped .....»»

Oil prices climbed on Friday, following a drawdown in U.S. crude stocks, but were set to fall heavily for the week amid worries that a new coronavirus in China that has killed 25 so far may spread, curbing travel, fuel demand and economic prospects......»»

Oil prices fell about 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya's crude output......»»

Oil futures are under pressure Wednesday, with fears of an oversupply of crude outweighing a disruption to Libyan production......»»

Oil futures head higher Thursday as investors attempt to digest the impact of a China-U.S. trade deal that could result in increased purchases of shale oil by Beijing......»»

Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices......»»

Oil futures fall sharply Friday, with U.S. and global benchmark crude heading for their lowest finish in about a week as skepticism around a rollback of tariffs in China-U.S. trade talks erode bullish sentiment on crude prices......»»

Oil futures decline Thursday after a round of lackluster factory data from China and a report that Chinese officials have doubts over prospects for a long-term trade deal between Washington and Beijing......»»

Oil futures inch higher on Friday, with U.S. benchmark crude prices settling more than 5% higher for the week, as news of progress on part of a U.S.-China trade deal eased concerns over a slowdown in economic growth and energy demand......»»

Oil futures head slightly lower on Thursday as investors wrestle with the outlook for crude demand amid slack in the global economy......»»

Crude oil futures rise on Tuesday, after a two-day slide, as traders await fresh updates on weekly U.S stockpiles......»»

Oil futures head lower early Monday as investors fail to shake worries that growing signs of weakness will eventually hurt demand for crude oil......»»

Oil futures are under pressure Tuesday, on track to post a loss for a second session in a row, as a lower economic growth forecast from the International Monetary Fund and a recent round of weak data out of China fuel worries over energy demand......»»

Oil prices climb Friday to tally a gain of nearly 4% for the week as reported progress in U.S.-China trade negotiations eased worries about energy demand, and as news of an explosion on an Iranian tanker fed tensions in the Middle East......»»

Oil futures trade higher Wednesday, holding onto the bulk of earlier gains on the back of optimism over U.S.-China trade negotiations, as the U.S. government reports a fall in petroleum product stocks, as well as a fourth straight rise in crude supplies......»»