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Oil Highest Since March on Vaccine and Biden News
Tuesday, November 24, 2020Oil traded at its highest level since March as markets broadly rallied on the start of the U.S. presidential transition process and with the demand outlook strengthening after a string of positive vaccine breakthroughs.
Oil Up on US Vaccination Optimism
Monday, November 23, 2020Oil pushed higher after closing at the strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.
WTI Settles Above $43 a Barrel
Monday, November 23, 2020Global oil prices hit the highest level since March.
Oil Set for Weekly Gain on Vaccine Optimism
Friday, November 20, 2020Oil is poised for a third weekly gain in New York as positive Covid-19 vaccine developments outweighed concerns about more restrictions stemming from a global surge in infections.
Light Crude Ends Week Above $42
Friday, November 20, 2020Oil rose to the highest in nearly three months.
Oil Steady Amid Virus Measures and OPEC+ Dispute
Thursday, November 19, 2020Oil was steady near a two-month high as investors weighed tighter U.S. restrictions to curb the virus spread and emerging cracks in the united front put up by OPEC+ as it struggles to manage the market.
Oil Prices Decline As Virus Restrictions Mount
Thursday, November 19, 2020Oil edged lower with growing virus restrictions and signs the labor-market recovery may be slowing in the US.
Oil Up as Stockpile Gain Offset by Stronger Asia Demand
Wednesday, November 18, 2020Oil rose toward $42 a barrel in New York as signs of a robust demand recovery in Asia offset a jump in U.S. crude stockpiles.
Oil Prices Gain Amid News of Vaccine Progress
Wednesday, November 18, 2020Oil rose to its highest since early September.
Oil Steady After Rising on Vaccine Progress
Tuesday, November 17, 2020Oil was steady near $41 a barrel with investors weighing news of another Covid-19 vaccine breakthrough as OPEC+ moved closer to delaying a planned easing of output cuts.
Oil Prices Rise with Weaker Greenback
Tuesday, November 17, 2020Oil closed higher as a weaker dollar offset an OPEC+ panel's decision to hold off on recommending whether a planned production hike should advance.
Oil Up On China Recovery and US Lockdown News
Monday, November 16, 2020Oil rose on optimism over China's recovery from a virus-led demand crash and as advisers to President-elect Joe Biden ruled out a national lockdown to curb the spread of Covid-19.
Oil Prices Get Boost from Bullish Vaccine News
Monday, November 16, 2020Oil gained the most in a week.
Violently Positive Oil Prices and More
Saturday, November 14, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Crude Drops Below $41 as Virus Cases Surge
Friday, November 13, 2020As well as the surge in European coronavirus cases, there are also growing numbers in the US, Japan and South Korea, all of which are major oil consumers.
Oil Prices End the Week Higher Despite Hiccups
Friday, November 13, 2020Futures fell 2.4% in New York on Friday but still posted the largest weekly gain in a month.
Oil Prices Falter on Surprise Build and Fed Warning
Thursday, November 12, 2020Oil dropped after an unexpected increase in US stockpiles and a Federal Reserve warning that a vaccine may not be enough to get the economy back on track.
Oil Steady Amid Signs OPEC+ Will Keep Cuts
Thursday, November 12, 2020Oil was steady as OPEC+ appeared to be closing in on an agreement to delay a planned easing of production cuts from the start of next year.
Bullish Bonanza for Oil Traders
Thursday, November 12, 2020This week is a 'bullish news bonanza' for oil traders.
Oil Up After Report Points to Easing US Stockpiles
Wednesday, November 11, 2020Oil extended gains in New York after an industry report pointed to a bigger-than-expected decline in U.S. crude stockpiles.
EIA Decreases Oil Price Forecasts
Wednesday, November 11, 2020The U.S. Energy Information Administration has reduced its Brent crude and West Texas Intermediate spot price predictions for both 2020 and 2021.
Oil Prices Show Modest Gains Amid Lockdown Risk
Wednesday, November 11, 2020Oil edged higher but pared earlier gains.
Oil Prices in Violently Positive Reaction
Tuesday, November 10, 2020Oil prices reacted in a 'violently positive' manner on Monday as the market priced in the possibility of a quicker roll-out of a global vaccine.
Light Crude Closes Above $41
Tuesday, November 10, 2020Oil rose to its highest in more than two months in London on optimism that a potential coronavirus vaccine will boost demand.
Abu Dhabi to Open Futures Exchange for Murban Crude
Monday, November 09, 2020By selling its crude through futures, Abu Dhabi will let the market determine the price.
Oil Prices Surge Amid Potential Vaccine Breakthrough
Monday, November 09, 2020Oil surged by the most since May.
Oil Drops on Surging Virus and Fraught Election
Friday, November 06, 2020Oil fell amid a surging coronavirus and a lack of clarity from the U.S. election, but was still headed for a weekly gain.
Trump Statements Help Depress Oil Prices
Friday, November 06, 2020U.S. President Donald Trump's statements last night have helped depress oil prices today.
Oil Prices Stumble Friday But Up for the Week
Friday, November 06, 2020Oil pared its weekly gain as a resurgent pandemic raised the risk of further demand destruction.
Oil Down on Fading Stimulus Hopes and Uncertainty
Thursday, November 05, 2020Oil dropped in Asian trading as expectations for a big dollop of U.S. fiscal stimulus receded following a closer-than-expected and still undecided election.
Oil Prices Edge Downward Amid Electoral Clash
Thursday, November 05, 2020Oil edged lower as investors awaited the outcome of the tightly contested US presidential election.
Oil Swings as US Vote Raises Uncertainty
Wednesday, November 04, 2020Gold and copper slumped and oil fluctuated as tight races in battleground states in the U.S. election shook traders' initial faith in a decisive outcome.
US Election Outcome Not Yet Priced into Oil
Wednesday, November 04, 2020Without an already clear winner, the U.S. election's outcome is not yet really priced into the oil market.
Oil Prices Surge on Inventory Draw
Wednesday, November 04, 2020Oil surged by the most in a month.
Oil Up on Weaker Dollar and OPEC+ Taper Delay Noise
Tuesday, November 03, 2020Oil gained following a broader risk-on sentiment in markets and as OPEC+ inches closer to delaying a planned easing of output cuts.
Oil Prices Rise for Second Straight Day
Tuesday, November 03, 2020US benchmark crude futures climbed 2.3% for a second straight day of gains.
Oil at 5-Month Low on Lockdowns and Libya
Monday, November 02, 2020Oil kicked off what promises to be a turbulent week of trading by plunging to a five-month low.
Oil Prices Rise Amid Russia OPEC+ Talks
Monday, November 02, 2020Oil rose the most in more than three weeks.
Oil Set for Worst Month Since March
Friday, October 30, 2020Oil is poised for the biggest monthly slide since March on concern a resurgent pandemic in the U.S. and Europe will keep people hunkered down, crimping demand for auto and aviation fuel.
Oil Prices Under Pressure
Friday, October 30, 2020Oil prices are under pressure all along the forward curve, according to Standard Chartered.
Light Crude Down 11% for the Month
Friday, October 30, 2020Oil posted its largest monthly drop since March.
Oil Holds Near 4-Week Low After Virus Plunge
Thursday, October 29, 2020Oil held near a four-week low after a surge in European virus cases and a bigger-than-expected jump in American crude stockpiles pushed prices down by the most in almost two months in the previous session.
Oil Prices Fall Amid Demand Destruction Fears
Thursday, October 29, 2020Oil futures fell to multi-month lows as record growth in coronavirus cases in the US and Europe raised the specter of more demand destruction.
Oil Down After Report Points to Rising Stockpiles
Wednesday, October 28, 2020Oil retreated back below $39 a barrel after an industry report pointed to a bigger-than-expected increase in U.S. crude stockpiles.
Oil Prices Plunge Amid Higher US Inventories
Wednesday, October 28, 2020Swelling US crude stockpiles added to concerns that a fresh surge in coronavirus cases may derail the global economic recovery.
Oil Edges Higher on Weak Dollar
Tuesday, October 27, 2020Oil clawed back some losses in New York as the dollar weakened, although rising Libyan production and fading hopes for fresh U.S. stimulus pointed to a bearish outlook for the market.
Oil Prices Get Boost from Zeta and Weaker Greenback
Tuesday, October 27, 2020Oil rose the most in nearly three weeks.
Oil Down on Surging Virus and Stimulus Stalemate
Monday, October 26, 2020Oil extended its slide to a second day on a toxic cocktail of surging coronavirus cases, dwindling prospects for pre-election stimulus in Washington and a steady resumption of supply from Libya.
Light Crude Closes Below $39
Monday, October 26, 2020Oil slid to a three-week-low.
World Bank Sees Slow Commodities Recovery
Friday, October 23, 2020Oil demand could see 'lasting impacts' from the coronavirus, according to the World Bank.