Post Tagged with: "demand fears"

Source: Reuters

Oil prices slump as stockpiles and rate hikes demand fears

Investing


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

CNBC


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

Reuters


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 …