Post Tagged with: "coronavirus cases increase"

Source: CNBC

Oil rises towards $41 on U.S. Gulf shutdowns, outlook weak


Oil rose on Tuesday towards $41 a barrel as oil companies shut down some U.S. Gulf of Mexico oil output due to a hurricane, although surging coronavirus infections and rising Libyan supply limited gains.

Companies including BP, Chevron and …

October 27, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Oil under pressure as coronavirus spike stokes demand concerns


LONDON – Oil prices were steady on Wednesday, with researchers predicting renewed downward pressure from concerns that a recovery in fuel demand will be stalled by soaring coronavirus cases worldwide.

Brent crude futures LCOc1 for December delivery were little …