Post Tagged with: "Oil climbs"

Source: Reuters

Oil climbs more than 1% as OPEC sees steeper demand rise

Finance Yahoo

Oil prices climbed more than 1% on Thursday, extending their rally for a second day on concerns over market tightness after OPEC forecast a steeper rise in demand, even as investors awaited the outcome of U.S.-Iran nuclear talks …

Source: Fox Business

Oil climbs as OPEC sticks to its own course

Fox Business

OPEC stayed the course this week, sticking to their planned 400,000-barrels-a-day production increase and did not give in to the fears surrounding the recent price crash due to the omicron variant virus worries.

Now, the Biden administration is
Source: Reuters

Oil climbs on drop in U.S. oil stockpiles, solid demand outlook


MELBOURNE- (Reuters) – Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC’s robust demand outlook, and as the shutdown of the biggest U.S. fuel pipeline headed into …

Source: Reuters

Oil climbs over 4% on signs of increasing crude demand


NEW YORK – Oil prices surged more than 4% on Wednesday, after a report from the International Energy Agency, followed by U.S. inventory data boosted optimism about returning demand for crude.

Brent crude futures rose $2.70, or 4.2%, to …

Source: Reuters

Oil climbs as U.S. stockpiles shrink, but election uncertainty overshadows market


LONDON – Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown.

Between mid-September and mid-October, Brent’s six-month calendar spread had been tightening, a …

Source: Reuters

Oil climbs on hopes for U.S. stimulus package


NEW YORK – Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.

Brent crude LCOc1 rose 45 cents, or …

August 10, 2020 - 11:00 am China, Closing Bell Story‎, Crude Oil News, Energy News
Mars Crude Climbs to Four-Month High on Storm-Related Output Losses 

Mars Crude Climbs to Four-Month High on Storm-Related Output Losses 

From Reuters

Mars Sour, a U.S. Gulf of Mexico crude grade, firmed to the strongest in four months on Monday as traders focused on offshore production losses caused by a tropical storm and a minimal disruption to refining.

Mars barrels