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Oil market

Oil Drops on Demand Recovery Fears, OPEC Eases Expectations

MELBOURNE/SINGAPORE (Reuters) - Oil prices fell more than 2% on Tuesday on worries that new clampdowns on businesses to stem surging U.S. coronavirus cases could threaten fuel demand recovery and ...
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Oil Under Pressure on U.S.China Tensions, New Virus Cases

Oil futures slipped Tuesday, with pressure attributed to mounting tensions between the U.S. and China, as well as a continued rise in COVID-19 infections and expectations major oil producers will ...
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Oil Falls, Heads for Weekly Decline, Virus Cases Hit Record

TOKYO (Reuters) - Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge ...
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Rooftop Revolution Virus Chill Upends Solar Power Industry

LOS ANGELES/MADRID/LONDON (Reuters) - The booming rooftop solar panel industry nosedived overnight when the coronavirus forced homeowners to rein in spending and keep their distance from would-be installers. Now, in ...
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Oil Sees Muted Trade Thursday as Coronavirus Concerns Swirl

Oil futures were trading on either side of unchanged on Thursday as commodity traders contended with rising cases of coronavirus in the U.S. and some other countries that may threaten ...
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Oil Dips as U.S. Inventory Build Stokes Supply Fears

TOKYO (Reuters) - Oil prices eased in early trade on Wednesday as industry data showing a build in U.S. crude stockpiles and a forecast for U.S. crude output to fall ...
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Oil Down as U.S. Virus Spike Stokes Demand Worries

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude futures declined ...
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Oil Prices Mixed, Virus Spike Casts Shadow Over U.S. Demand

SINGAPORE (Reuters) - Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern ...
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Brent Oil Scores Lift From Saudi Price Rise, China Optimism

Crude-oil futures on Monday were trading mixed, with the U.S. oil moves influenced by a evidence of growing cases of coronavirus and Brent at least partly lifted by enthusiasm over ...
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Oil Fаlls as Virus Fears Weigh on Fuel Demand Recovery

SEOUL (Reuters) - Oil prices eased on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, stoked worries ...
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Traders Consider Apple Has the Holy Grail of Oil Data

NEW YORK (Reuters) - Every day, energy merchants collect and scrutinize whatever information they can find on fuel demand to get a trading edge: from satellite data tracking oil tankers ...
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OPEC Cuts June Oil Exports by 1.84 Million bpd Kpler

LONDON (Reuters) - OPEC cut oil exports in June by 1.84 million barrels per day (bpd) from May levels as it works to implement an output reduction agreement with Russia ...
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Oil Rises After Drop in U.S. Crude Stocks Suggests

TOKYO (Reuters) - Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much more than expected, suggesting demand is improving even ...
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Oil Inches Higher as Report Shows Big Fall in U.S. Supplies

Oil futures were trading slightly higher early Wednesday, but off their best levels, after a report on U.S. inventories pointed to a big decrease in domestic supplies ahead of a ...
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Oil Rises on Manufacturing Data, U.S. Inventories

LONDON (Reuters) - Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic recovery and rise in ...
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