Post Tagged with: "oil drops"

Source: Reuters

Oil drops as lockdowns widen and U.S. election looms

Reuters


LONDON – Oil prices fell‮‮ ‬‬on Monday on worries that widening coronavirus lockdowns in Europe would weaken fuel demand while concerns remain over potential turbulence resulting from this week’s U.S. presidential election.

Brent crude LCOc1 was down 13 cents, …

Source: Reuters

Oil drops on rising virus cases, increasing Libyan output

Reuters


LONDON – Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices.

Brent was down 88 …

Source: Reuters

Oil drops 5% on weak demand outlook and higher OPEC supplies

Reuters


NEW YORK  – Oil prices fell more than 5% on Thursday as rising coronavirus cases around the world dampened the demand outlook, and a rise in OPEC output last month also pressured prices.

Brent crude LCOc1 futures fell $2.22, …

Source: CNBC

Oil drops more than 8% as fears over second wave of coronavirus cases hit the market

CNBC


Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets.

West Texas Intermediate crude futures, the U.S. oil benchmark, fell 8.2%, or …

Source: Reuters

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

Reuters


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

CNBC


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

CNBC


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