Post Tagged with: "oil plunges"

Source: Reuters

Oil plunges 5% as coronavirus cases surge, U.S. crude stockpiles swell

Reuters

NEW YORK – Oil prices dropped 5% to a three-week low on Wednesday as surging coronavirus infections in the United States and Europe is leading to renewed lockdowns, fanning fears that the unsteady economic recovery will deteriorate.

Brent LCOc1…

October 28, 2020 - 10:00 am — Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil plunges to lowest since 2017 after Russia rejects steep OPEC cut

Reuters

NEW YORK  – Oil prices tanked more than 8% on Friday to their lowest levels since mid-2017 after Reuters reported that Russia balked at OPEC’s proposed steep production cuts to stabilize prices.

OPEC’s plans for deep and prolonged output …

March 6, 2020 - 10:15 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, OPEC
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