Tag archives for Oil price
Oil Stands Firm as China Begins Consumption
Oil prices steadied Thursday as knowledge showed China’s crude imports rebounded, but market watchers expect gains to be limited by the excess in supplies as the coronavirus pandemic crushes global…
Oil Breaks Six Days Growing Candle As U.S. Stockpile Reassert Supply Worries
Oil prices dropped Wednesday, ending a multi-day candle of gains, as investors focused on oversupply risks after crude inventories rose over expected amid a slump in demand attributable to restrictions…
Oil Jump 10% As Fuel Demand Sets for Revival
Oil prices leaped Thursday, extending steep gains in the earlier session on signs the crude glut is not rising as shortly as expected and that gasoline demand battered by COVID-19…
Oil Prices Leap as Storage Capacities Fill Less Rapidly
oil costs leaped Wednesday, trimming some of this week’s losses after stockpiles surged less than expected, and on expectations, demand will increase as some European nations and cities moved to…
Oil Prices Tank As Countries Fall Short of Storage Capacity
Oil prices plunged Tuesday again amid concern about tanking crude storage capacity worldwide and fears that fuel demand may recover slowly once nations ease bans imposed on economic and social activity…
U.S. Energy Companies’ Q1 Reports Show Deep Slumps
Investors are in for dangerous news on the energy front within the coming weeks as a host of the industry’s largest corporations report quarterly results following the historic collapse in…
Oil Jumps As U.S. Expects Sale to Cut Production to Record Level
Oil prices rose over 1% Tuesday after the main energy forecasting agency forecast shale production in the world’s greatest crude producer would plunge by the most on record in April, adding…