Post Tagged with: "oil prices climb"

Source: Reuters

Canadian dollar rebounds as oil prices climb

Reuters


The Canadian dollar strengthened against its U.S. counterpart on Tuesday, with the currency clawing back some of its decline from the prior day as oil prices rose and domestic data showed factory activity expanding at the slowest pace in …

Source: Reuters

This is not going to solve much”: Oil prices climb after crude release announcement

World Oil


(Bloomberg) –Oil climbed, erasing an earlier loss, as a landmark plan from consumers to tap their strategic oil reserves was less severe than markets expected.

Futures in New York wiped out losses to trade above $77 a barrel …

Source: Reuters

Column-Oil prices climb with little help from hedge funds: Kemp

Reuters


LONDON – Prolonged disruption to oil production in the Gulf of Mexico and multiplying signs of a worldwide energy shortage have not been enough to encourage significant new petroleum buying from portfolio investors.

Hedge funds and other money managers …

Source: World Oil

Oil prices climb as U.S. crude, gasoline inventories tighten

World Oil


SINGAPORE (Bloomberg) –Oil gained after a U.S. industry report showed another decline in inventories of crude and gasoline, signaling a tightening market.

Global benchmark Brent rose above $74, while West Texas Intermediate advanced for a fourth day. The …

Source: Reuters

Oil prices climb as U.S. supplies restart following historic Ida impact

World Oil


SINGAPORE (Bloomberg) –Oil climbed above $70 a barrel in New York after three weeks of gains as investors tracked the slow restoration of supplies in the Gulf of Mexico and the outlook for demand and inventories over the …

Source: CNBC

Oil climbs 4% despite rise in U.S. inventories

CNBC


Oil prices rose more than 4% Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in U.S. oil inventories.

Brent crude futures gained $2.73, or 4%, to $72.08 a …

Source: Reuters

Oil prices climb as faith in supply cuts grows

Reuters


LONDON – Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up as coronavirus lockdowns ease.

Brent crude LCOc1 futures were up 0.8%, or …

Source: Reuters

Oil inches up on U.S. crude inventories, coronavirus limits gains

Reuters


NEW YORK – Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East …

February 26, 2020 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, International