Post Tagged with: "demand woes"

Source: Reuters

Oil firms as dollar slips, but demand worries persist

Reuters


LONDON – Oil rose about 1% on Thursday after early declines on a weaker dollar and U.S. inventory drawdowns, but delays to vaccine rollouts and fresh travel curbs to prevent new coronavirus outbreaks kept further gains at bay.

Brent …

Source: Reuters

Oil steadies as U.S. inventory fall tempers demand woes

Reuters


LONDON – Oil prices were broadly steady on Wednesday as rising global COVID-19 cases took the shine off an earlier rally spurred by a bigger-than-expected drop in U.S. crude inventories.

Brent crude prices were up 11 cents, or 0.2%, …