Post Tagged with: "demand recovery"
Oil steady as surge in virus cases clouds demand recovery
Oil prices were slightly higher on Monday despite rising coronavirus cases that upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week’s …
Barclays sees near-tem oil price correction if demand recovery slows
Barclays Commodities Research said on Thursday oil prices could see a correction in the near-term if a recovery in fuel demand slows further, especially in the United States.
While a recent rally has been supported by faster-than-expected rebalancing of …
Oil falls on renewed US-China tensions, global glut
Oil prices fell on Monday on worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease and amid a fresh spat between the United States and China over the origin of the virus.…
