Post Tagged with: "oil falls"

Source: Reuters

Oil falls as Suez opens, focus turns to OPEC+ output

Reuters


LONDON -Oil prices slid on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week which analysts expect to approve an extension to supply curbs amid disappointing demand prospects.

Brent crude was …

Source: Reuters

Oil falls over 3% as dollar rises and vaccine rollout stalls

Reuters


LONDON – Oil prices sunk for a fifth day running on Thursday on a stronger dollar, a further increase in U.S. crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.

Brent crude was down $2.33, or …

Source: Reuters

Oil falls on coronavirus fears, strong dollar

Reuters


LONDON – Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy.

Brent crude was …

Source: Reuters

Oil falls on renewed lockdowns, stronger dollar

Reuters


LONDON – Brent crude oil prices fell as much as $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger U.S. dollar.

Brent was …

Source: Reuters

Oil falls on rising Libya output, coronavirus surge

Reuters


NEW YORK – Oil prices fell about 2% on Friday, pressured by swelling output from Libya and fears that rising coronavirus infections may slow the recovery in the global economy and fuel demand.

Hopes for a vaccine kept crude …

Source: Reuters

Oil falls as coronavirus cases rise and U.S. vote count continues

Reuters


LONDON – Oil fell towards $40 a barrel on Friday as new lockdowns in Europe to halt surging COVID-19 infections sparked concern over the demand outlook while drawn-out vote counting in the U.S. election kept markets on edge.

Italy …

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%, …

Source: Reuters

Oil falls on U.S. stimulus impasse and U.S. stockpiles

Reuters


LONDON – Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy, with prices also pressured by a larger than expected rise in U.S. crude inventories.

Brent …

Source: CNBC

Oil drops as demand risk rises, U.S. stockpiles fall less than expected

CNBC


Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged, while U.S. crude inventories dropped less than expected.

Brent crude was down 47 cents, or 1%, at $44.90 …

August 20, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil falls on rising stocks, worries of new virus wave

Reuters


LONDON  – Oil prices fell on Wednesday, as record high inventories and worries about a second wave of the coronavirus pandemic outweighed support from a gradual reopening of global economies.

Brent crude was down 66 cents, or 1.5%, to …

Source: Reuters

Oil falls on fears over rising virus cases worldwide

Reuters


LONDON – Oil prices fell on Monday as concern grew that a record rise in global coronavirus infections could stall recovery in fuel demand, outweighing tighter supplies from major producers.

Brent crude LCOc1 was down 24 cents, or 0.6%, …

Source: Reuters

Oil falls below $41 as U.S. inventory rise revives glut worries

Reuters


LONDON  – Oil fell more than 1% to below $41 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand because of the coronavirus crisis.…

Source: Reuters

Oil falls but remains set for biggest monthly gain in years

Reuters


LONDON – Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening in U.S.-China relations, but were still on track for a …

Source: Reuters

Oil falls to $30 as supply glut counters lockdown easings

Reuters


Oil fell to around $30 a barrel on Wednesday as a report showing a higher-than-expected rise in U.S. inventories offset hopes for a recovery in demand as some countries ease coronavirus lockdowns.

Brent crude has almost doubled since hitting …

Source: Reuters

Oil falls back as Russia rejects Trump’s intervention in price war

Reuters


LONDON – Oil prices fell on Friday after rising 10% in the session as the coronavirus epidemic knocked the outlook for demand and Moscow rejected an intervention by U.S. President Donald Trump in Russia’s price war with Saudi Arabia.…

Source: Houston Chronicle

Oil falls again as U.S. supplies grow, Asia virus menaces demand

Houston Chronicle


Oil resumed declines as the biggest jump in U.S. crude stockpiles in almost three months added to concern over demand in a market already grappling with China’s spreading coronavirus.

 

Futures lost as much as 2% in New …