Post Tagged with: "European lockdowns"

Oil gains as vaccine hopes outweigh lockdown impact

Oil gains as vaccine hopes outweigh lockdown impact

Reuters


LONDON/NEW YORK/SINGAPORE  – Renewed restrictions in Europe and the United States to combat the coronavirus have slowed the pace of fuel demand recovery, offsetting a rebound in Asian economies where consumption has almost returned to pre-COVID levels.

As the …

Source: Reuters

Oil falls as European lockdowns, U.S. election uncertainty dominate markets

Reuters


NEW YORK – Oil prices dropped on Thursday, weighed down by the steady rise in coronavirus infections and as the outcome of the U.S. presidential election had still not been settled.

Brent crude LCOc1 fell 41 cents, or 1%, …