Oil declines as Russia plans to ease supply cuts in July
(Bloomberg) — Oil declined following a report that Russia was planning to begin scaling again output curbs from July, and as tensions between the US and China proceed to simmer. … Read More
Tag: Brent crude price
Oil Dips as US-China tensions add to nerves on global economy
Oil edged decrease as an escalating disagreement between the US and China added to warning over the prospects for a worldwide restoration in demand. Futures in New York misplaced 0.4% … Read More
Oil rally stalls with Federal Reserve warning countering production cuts
Oil steadied after a four-day acquire as traders weighed indicators the market is rebalancing towards what’s nonetheless a precarious financial outlook. Futures in New York for July supply have been … Read More
Covid-19: US crude oil contract to expire soon due to negative pricing
A month after sellers needed to pay practically $40 a barrel to do away with US oil futures, the subsequent watershed second looms with the expiry of the June contract … Read More
Oil extends losses on supply overhang, weak outlook amid Covid-19 crisis
Oil costs prolonged losses on Thursday because the trade grappled with the rising international surplus of crude and the sharp coronavirus-led downturn in demand, with the outlook nonetheless grim regardless … Read More
Oil rises above $31 as Covid-19 lockdown easing counter supply glut
Oil rose above $31 a barrel on Wednesday as hopes for a restoration in demand as some nations ease coronavirus lockdowns offset a report displaying a higher-than-expected rise in U.S. … Read More
Amid Coronavirus pandemic, oil woes, Saudi Arabia eyes further reforms
A beleaguered Saudi Arabia is taking modest steps to enhance its human rights document because it tries to navigate the coronavirus pandemic and the fallout from plunging oil costs which … Read More
Oil bounces back with output cuts looming, storage filling
Oil clawed again its current heavy losses as output cuts from main producers search to stymie an unprecedented international glut. Futures rose by nearly $2 in New York to round … Read More
Brent crude drops below $18 a barrel, down more than 8%
Brent crude fell greater than eight p.c to under $18 a barrel Wednesday whereas US oil struggled to carry on to early beneficial properties because the coronavirus ravages vitality markets. … Read More