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Oil Prices Fall For Second Session as COVID-19 Lockdown Concerns Cast Pall Over Demand Prospects

Posted on January 26, 2021 by TeamIcarus | 0 Comments

Brent crude futures for March fell 15 cents, or 0.3 per cent, to $55.26 a barrel by 0158 GMT, while US West Texas Intermediate crude for March was at $52.19…

Crude Oil Hits Pre-Pandemic Highs on Bets Vaccine to Keep Rebalancing Intact

Posted on January 13, 2021 by TeamIcarus | 0 Comments

Investing.com – Crude oil prices jumped to pre-pandemic 11-month highs on Tuesday as investors bet the pandemic's grip on energy demand is coming to an end as the rollout of…

Euro Zone Sentiment Improves in Dec, But Inflation Still Negative

Posted on January 8, 2021 by TeamIcarus | 0 Comments

A woman walks next to a poster reading "The best team. With distance." in front of a BMW factory as the spread of the coronavirus disease (COVID-19) continues in Munich,…

Oil Up on Hopes of Recovery in Demand, Lower U.S. Inventories

Posted on December 31, 2020 by TeamIcarus | 0 Comments

Oil gained more ground on Wednesday as a U.S. coronavirus fiscal aid package and a decline in crude oil inventories lifted prices.

Oil Slips as Surge in COVID-19 Cases Threatens Demand

Posted on December 19, 2020 by TeamIcarus | 0 Comments

MELBOURNE/SINGAPORE (Reuters) - Oil prices slid from nine-month highs on Friday, with soaring COVID-19 cases seen as a threat to near-term fuel demand and a strengthening of the U.S. dollar…

OPEC+ Resumes Talks on 2021 Oil Policy Amid Disagreements

Posted on December 4, 2020 by TeamIcarus | 0 Comments

LONDON (Reuters) - OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of discussions this week failed to bring a…

Oil Prices Drop as New Lockdowns Hit Economic Outlook

Posted on November 3, 2020 by TeamIcarus | 0 Comments

Oil prices fell further on Monday after Brent crude last week took its steepest slide since April on mounting concerns new lockdowns to slow the spread of coronavirus will hit…

Oil Prices Slide on Demand Worries as US Stocks Rebound from Rout

Posted on November 2, 2020 by TeamIcarus | 0 Comments

Oil prices dropped Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while global stocks mostly rose after the prior session's routs.

Oil Falls as U.S. Crude Stocks Build Amid Virus Resurgence Fears

Posted on June 17, 2020 by TeamIcarus | 0 Comments

Oil prices declined on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave of the coronavirus pandemic…