Post Tagged with: "oil drops"

Source: Reuters

Oil drops over 4% on China-U.S. tensions, demand doubts


LONDON – Oil fell over 4% on Friday to below $35 a barrel on rising U.S.-China tensions and doubts about the pace of demand recovery from the coronavirus crisis, although it remained on course for a weekly gain.

China …

Source: CNBC

Oil drops 9%, giving back early double-digit gain as traders await OPEC cut details


U.S. oil dropped more than 9% on Thursday, giving back an earlier gain of more than 12%, as the Street awaited details on production cuts from OPEC and its allies, known as OPEC+. An extraordinary meeting between the oil-producing …

April 9, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: CNBC

Oil drops as much as 8%, on pace for worst week in more than a decade


Oil prices dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and demand side. U.S. West Texas Intermediate crude is now down more than 25% this week, putting it on