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Futures Movers: Oil prices post highest finish in over 2 years on demand optimism
Oil futures climb on Monday to post their highest finish in more than two years, as signs of a demand recovery in the U.S. and Europe feed optimism over the outlook for energy demand, despite a round of weaker-than-expected economic data from China......»»
Oil futures post gains for the session and week
Oil futures gained on Friday, with prices for the U.S. and global crude benchmarks up a second week as traders continued to assess the demand outlook for the market. Some traders expect an economi.....»»
Futures Movers: Oil prices rise as traders mull demand cues, supply prospects
Oil futures move higher on Monday as traders mull the latest signals for the crude demand outlook as well as prospects for global supplies......»»
Futures Movers: Oil prices jump higher as IEA raises demand outlook
Oil futures on Wednesday trade sharply higher as the International Energy Agency's monthly report lifted its demand outlook for crude and as a U.S. report on inventories showed a drop in weekly stockpiles......»»
Oil prices drop sharply as rising coronavirus cases prompt questions about demand recovery
Oil prices slid as rising COVID-19 case counts in Brazil, India and Europe hurt the demand outlook for the commodity. Shannon Stapleton/Reuters Brent and US oil.....»»
Oil prices settle lower for the session, gain more than 20% for the quarter
Oil futures settled lower Wednesday as uncertainty continued to surround the outlook for energy demand, with Mohamm.....»»
U.S. oil notches sharpest daily slide in over 6 weeks as viral spread sparks fresh demand worries
U.S. oil prices ended sharply lower on Monday, but off their steepest declines, amid reports that a variant of the novel strain of coronavirus that causes COVID-19 discovered in the U.K. could pose another hurdle for d.....»»
OPEC further slashes 2020 world oil demand forecast, but makes "huge" cut in supply outlook
The Organization of the Petroleum Exporting Countries on Wednesday further cut its forecast for global oil demand in 2020, but also forecast a drop in supply as low prices take a toll on production around the world. In.....»»
Oil prices slide on demand concerns, U.S.-China trade tension
Oil prices fell on Monday, paring last week's gains, on worries a global oil glut may persist amid slumping demand and U.S.-China trade tensions that could restrict an economic recovery even as coronavirus pandemic lockdowns start to ease......»»
Oil prices tumble as world"s storage tanks fill up amid demand shock
Oil prices slumped on Tuesday, extending the previous session's slide, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly as coronavirus pandemic restrictions are gradually eased......»»
Oil prices slide again as world runs low on storage capacity amid plunge in demand
Oil fell on Tuesday, adding to huge declines in the previous session, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly as coronavirus pandemic restrictions are gradually eased......»»
Oil heads for another weekly slide on coronavirus turmoil
Oil prices rose on Friday, but both the Brent and U.S. benchmarks were on track for their third straight week of losses as global production shutdowns failed to keep pace with the collapse in demand caused by the coronavirus pandemic......»»
Oil heads for another weekly slide after coronavirus turmoil
Oil prices rose on Friday, but were on course for their third straight weekly loss as production shutdowns failed to keep pace with the collapse in demand caused by the coronavirus crisis......»»
Oil heads for steep weekly slide after coronavirus turmoil
Oil prices were broadly steady on Friday but headed for their third weekly loss as production shutdowns failed to keep pace with sliding demand due to the coronavirus crisis......»»
Oil on course for steep slide in week of historic turmoil
Oil prices fell on Friday and headed for their third weekly loss running as production shutdowns failed to keep pace with sliding demand due to the coronavirus crisis......»»
Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit
U.S. pipeline operator Kinder Morgan Inc cut its expectations for full-year adjusted core earnings on Wednesday and reported a 5.3% fall in quarterly adjusted profit following a coronavirus-induced decline in fuel demand and a crash in crude prices......»»
Gas prices to stay cheap after coronavirus slide
While some U.S. states have announced plans to begin reopening, others have extended “stay-at-home†orders until at least the middle of May, keeping demand at significantly depressed levels -- and prices low......»»
U.S. crude futures turn positive after historic slide, Brent dips
U.S. oil prices recovered on Tuesday to trade in positive territory after sinking below $0 for the first time ever, but international benchmark Brent dipped as demand for crude slumps amid the coronavirus pandemic......»»
Calls mount for new OPEC+ deal as oil prices and demand slide
Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war......»»
Brent crude extends fall as coronavirus shutdowns sap demand
Brent crude prices extended falls on Monday amid more action by governments to contain the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a worldwide economic contraction......»»