Post Tagged with: "demand fears"

Source: Reuters

Oil prices slump as stockpiles and rate hikes demand fears


NEW YORK – Oil prices were down about $3 a barrel on Thursday on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption …

Source: Reuters

Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears


Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears.


International benchmark Brent crude declined 3.9%, or $4.02, to trade at $98.72 per barrel. West Texas Intermediate crude futures, the …

Source: Reuters

Oil prices rise 2%, but set for weekly loss on demand fears


NEW YORK  – Updated: Oil rose more than 2% in volatile trading on Friday after a sell-off earlier in the week erased about 7% from prices as a new wave of coronavirus infections across Europe dampened expectations of any …