Post Tagged with: "covid-19 resurgence"

Source: Reuters

Column: Oil prices hit by wave of hedge fund profit-taking

Reuters


LONDON – Fund managers sold petroleum last week at the fastest rate since successful coronavirus vaccines were announced in November, as a resurgence of infections and a loss of upward price momentum triggered profit-taking.

Hedge funds and other money …

Source: Reuters

Oil slides on COVID-19 resurgence and strong dollar

Reuters


LONDON – Oil prices fell on Friday, dragged down by concerns that a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world’s biggest fuel consuming regions, while a stronger U.S. …