Post Tagged with: "oil jumps"

Source: Reuters

Oil jumps 5%, breaks above $50 for the first time since February as Saudi Arabia announces voluntary cuts

CNBC


U.S. benchmark West Texas Intermediate crude futures broke above $50 on Tuesday for the first time since February, boosted by a surprise announcement by Saudi Arabia of a 1 million barrel per day production cut beginning in February and …

January 5, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil jumps 4% on latest COVID-19 vaccine progress

Reuters


LONDON – Oil prices jumped more than 4% on Monday, recouping the previous session’s losses after Moderna Inc MRNA.O said its experimental vaccine was 94.5% effective in preventing COVID-19.

Brent crude futures for January were up $1.79, or 4.2%, …

Source: Reuters

Oil jumps on vaccine hopes and OPEC+ supply signals

Reuters


LONDON  – Oil jumped by almost 10% on Monday for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine candidate and Saudi Arabia said an OPEC+ oil output deal could …

Source: CNBC

Oil jumps nearly 90% in May to $35, registering best month on record

CNBC


Oil jumped more than 5% on Friday, the last trading day of the month, capping off its best month in history as an uptick in demand as well as record supply cuts pushed prices higher. West Texas Intermediate,

Source: CNBC

Oil jumps 12% to $33 as June futures contract nears expiration

CNBC


West Texas Intermediate for June delivery jumped more than 12% on Monday to a two-month high, one day ahead of the contract’s expiration, as production cuts and the easing of stay-at-home restrictions supported prices.

“Producers are significantly throttling back …

Source: CNBC

Oil jumps 22% on smaller-than-expected inventory build, optimism around reopening economies

CNBC


Oil prices jumped more than 20% on Wednesday following a report that showed a smaller-than-expected build in U.S. inventories, as well as on the hope that economies will reopen sooner than expected.

West Texas Intermediate for June delivery surged …

Source: Reuters

Oil jumps after three-day slump but virus and oversupply still weigh

Reuters


Oil prices bounced nearly 7% on Thursday after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and …

March 19, 2020 - 9:00 am Commodity Pricing, Crude Oil News, Economy, Energy News