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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......»»

Category: topSource: marketwatchMay 17th, 2021

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.....»»

Category: topSource: marketwatchMay 7th, 2021

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......»»

Category: topSource: marketwatchApr 19th, 2021

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......»»

Category: topSource: marketwatchApr 14th, 2021

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.....»»

Category: smallbizSource: nytApr 5th, 2021

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.....»»

Category: topSource: marketwatchMar 31st, 2021

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.....»»

Category: topSource: marketwatchDec 21st, 2020

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.....»»

Category: topSource: marketwatchMay 13th, 2020

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......»»

Category: topSource: reutersMay 4th, 2020

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......»»

Category: topSource: reutersApr 28th, 2020

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......»»

Category: topSource: reutersApr 27th, 2020

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......»»

Category: topSource: reutersApr 24th, 2020

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......»»

Category: topSource: reutersApr 24th, 2020

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......»»

Category: topSource: reutersApr 24th, 2020

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......»»

Category: topSource: reutersApr 24th, 2020

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......»»

Category: topSource: reutersApr 22nd, 2020

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......»»

Category: topSource: foxnewsApr 22nd, 2020

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......»»

Category: topSource: reutersApr 21st, 2020

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......»»

Category: topSource: reutersMar 27th, 2020

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......»»

Category: topSource: reutersMar 23rd, 2020