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Oil prices mixed as demand shrinks, but stimulus hopes support

Oil prices were mixed on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity......»»

Category: topSource: reutersMar 25th, 2020

Oil mixed on stimulus hopes and demands fears

Oil prices were mixed on Friday as the market weighed the potential benefits of stimulus efforts by policymakers around the world against the demand destruction caused by fallout from the rapid spread of the coronavirus......»»

Category: topSource: reutersMar 27th, 2020

Oil prices slip as demand shrinks, but stimulus supports

Oil prices slipped on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity......»»

Category: topSource: reutersMar 26th, 2020

Oil prices fall as demand shrinks but limited by stimulus

Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity......»»

Category: topSource: reutersMar 26th, 2020

Oil steadies as hopes of easing trade tensions lend support

Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand......»»

Category: topSource: reutersAug 20th, 2019

Oil rises as broader markets gain on hopes for more stimulus

Oil prices rose on Friday after world leaders promised a massive injection of funds to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil......»»

Category: topSource: reutersMar 27th, 2020

Oil prices sink as crippled demand outweighs stimulus hopes

Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4% after the United States scrapped plans to buy domestic oil for its emergency reserve......»»

Category: topSource: reutersMar 26th, 2020

Oil prices sink as crippled demand outweighs stimulus hopes

The U.S. Department of Energy scrapped a plan to purchase domestic crude oil for its Strategic Petroleum Reserve after funding was not included in the broader stimulus package......»»

Category: topSource: foxnewsMar 26th, 2020

Futures Movers: U.S. oil prices under pressure as U.S. stimulus package fails to dispel fears of demand crunch

Oil futures trade on a mixed note Thursday, with global crude prices edging higher, but U.S. oil prices down as traders remain focused on the hit to demand from the global COVID-19 pandemic......»»

Category: topSource: marketwatchMar 26th, 2020

Oil falls as sinking demand outweighs stimulus hopes

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity......»»

Category: topSource: reutersMar 26th, 2020

Oil prices climb as U.S. ramps up economic support measures

Oil prices rose on Tuesday on hopes that the United States will reach a deal soon on a $2 trillion coronavirus aid package which could blunt the economic impact of the outbreak and in turn support oil demand......»»

Category: topSource: reutersMar 24th, 2020

Oil extends gains as U.S. output cut hopes grow

Oil prices climbed for a second day on Wednesday as hopes U.S. producers would cut output lent support, but gains were capped by growing doubts about Washington's stimulus package to fight the coronavirus, which continues to spread globally......»»

Category: topSource: reutersMar 11th, 2020

Oil jumps 5% after rout on stimulus hopes, slowing virus in China

Oil prices jumped by 5% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, although early gains were pared on demand concerns over the global spread of the coronavirus......»»

Category: topSource: reutersMar 10th, 2020

Oil up over 4% as hopes of OPEC cut, stimulus counter virus gloom

Oil prices rose over 4% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak......»»

Category: topSource: reutersMar 2nd, 2020

Oil up over 5% as hopes of OPEC cut, stimulus counter virus gloom

Oil prices rose over 5% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak......»»

Category: topSource: reutersMar 2nd, 2020

Oil up as hopes of OPEC cut, stimulus counter virus gloom

Oil prices rose on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak......»»

Category: topSource: reutersMar 2nd, 2020

Oil comes off lows as hopes of OPEC cut, stimulus counter virus gloom

Oil prices rebounded more than $1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak......»»

Category: topSource: reutersMar 2nd, 2020

Oil rises over 1% on hopes demand will rebound from coronavirus effect

Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown......»»

Category: topSource: reutersFeb 14th, 2020

Oil rises nearly 1% on hopes demand will rebound from coronavirus effect

Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown......»»

Category: topSource: reutersFeb 14th, 2020

Oil rises 1% on hopes demand will rebound from coronavirus effect

Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown......»»

Category: topSource: reutersFeb 14th, 2020

Oil dips after U.S. stock build, but demand hopes support

Oil retreated on Wednesday after rising more than 1% in the previous session as U.S. industry data showed a surprise build in crude stocks, but hopes for firmer demand next year checked a deeper fall in prices......»»

Category: topSource: reutersDec 17th, 2019