Oil Algos Confused By Crude Draw, Major Product Build, Weak Demand

Major suppliers to Apple Inc.’s iPhone fell Monday, as investors fretted that one of the most important product lines in the technology sector was seeing weak demand......»»

Major suppliers to Apple Inc.’s iPhone fell Monday, as investors fretted that one of the most important product lines in the technology sector was seeing weak demand......»»

Major suppliers to Apple Inc.’s iPhone fell Monday, as investors fretted that one of the most important product lines in the technology sector was seeing weak demand......»»

"We see it hard for the company to generate additional sales with its current product portfolio or without cutting price further," BofA said. .....»»

WTI Rebounds After Gasoline Demand Jumps, Despite Crude Build Oil prices are lower thi.....»»

WTI Holds Losses After Surprise Crude Build Oil prices extended their losses today as a panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021 after S.....»»

WTI Surges Above $63 Despite Surprise Crude Build, Plunge In Gasoline Demand Oil prices have rebounded higher overnight after dropping on a surprise crude build reported by API.....»»

WTI Rebounds, Shrugging Off Another Big Gasoline Stock Build Oil prices have pumped and dumped overnight, back to unchanged, after API reported a bigger than expected crude draw and much bigger than expected gasoline .....»»

World equity markets were mixed on Wednesday, with U.S. indexes seesawing amid hopes for a pickup in business activity and as oil prices slumped with demand low after a rise in U.S. crude stockpiles last week to three-year highs......»»

WTI Extends Huge Gains Despite Bigger-Than-Expected Crude Build More optimism on re-opening demand and following a Genscape report on Cushing stocks, oil prices have exploded higher in recent days, especially th.....»»

ReGen Villages Holding ReGen Villages is a startup striving to build self-sufficient communities across the globe. The company has yet to de.....»»

Signs of a further drop in U.S. crude-oil production are everywhere, from a slowdown in fracking activity and sharp weekly declines in the active oil-rig count, to expectations of a May decline for all seven major shale-oil output regions......»»

The overnight partial recovery in oil prices isn't a rebound, but simply a "breather," as weak demand and storage issues would continue to pressure prices, which are likely to turn negative again, analysts say......»»

Stocks fell Monday as traders weighed the latest coronavirus news along with a collapse in U.S. crude prices. The market was coming off its first back-to-back weekly gains in more than two months......»»

U.S. crude oil futures turned negative on Monday for the first time in history as storage space was filling up, discouraging buyers as weak economic data from Germany and Japan cast doubt on when fuel consumption will recover......»»

Oil prices tumbled on Monday, with the U.S. crude futures contract plunging more than 50% to the lowest price on record, as investors worried about lack of storage and German and Japanese data indicated a bleak global economy......»»

Oil prices tumbled on Monday, with the U.S. crude futures contract plunging more than 40% to its lowest level since 1986, as investors worried about lack of storage and German and Japanese data indicated a bleak global economy......»»

ConocoPhillips said Thursday it is taking another series of measures to combat a falling oil price and weak demand during the coronavirus pandemic. The oil major said it is making further capital, operating cost and share buyback red.....»»

Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand......»»

Oil prices sank on Wednesday after the United States reported its biggest weekly build of crude oil inventories on record, while forecasts showed global demand crumbling to its worst levels in a quarter of a century......»»