Post Tagged with: "oil prices fall"

Source: Reuters

Oil falls on OPEC+ concerns over slow demand recovery

Reuters


LONDON -Oil prices fell on Wednesday on concerns about the market’s recovery after OPEC and its allies lowered their 2021 demand growth forecast, although strong Chinese factory activities lent some support.

Brent crude for May, which expires on Wednesday, …

March 31, 2021 - 10:00 am Uncategorized
Source: Reuters

Oil prices fall as supply concerns ease

Reuters


LONDON – Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta.

Brent crude LCOc1 fell 57 cents, or 1.3%, …

Source: Reuters

Oil falls as virus cases mount and U.S. debate looms

Reuters


LONDON – Oil prices dropped on Tuesday as Europe and the United States grappled with a surge in new coronavirus infections and investors remained cautious ahead of the first U.S. presidential debate.

Brent’s November contract LCOc1, which expires …

September 29, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup

CNBC


Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output.

U.S. West Texas

August 4, 2020 - 11:00 am Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil falls as virus infections rise, eyes on EU recovery plan

Reuters


LONDON  – Oil prices fell on Monday as coronavirus cases increased in many countries, though cautious investor optimism about a potential COVID-19 vaccine and ongoing talks over a European Union fund to revive economies hit by the pandemic curbed …

July 20, 2020 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source:Reuters

Oil falls on fears of more COVID-19 cases

Reuters


LONDON – Oil prices fell on Wednesday on fears about fresh outbreaks of COVID-19 but prices drew some support from stimulus measures and positive tests of a drug that could save some critically ill patients.

Brent crude LCOc1 was …

Source: Reuters

Oil falls as U.S.-China tension escalates

Reuters


LONDON  – Oil fell on Monday on worries about renewed tensions between the United States and China, although reports that OPEC and Russia were closer to a deal on extending oil output cuts lent some support to prices.

Benchmark …

Source: Reuters

Oil falls on concerns over storage, weakening economies

Reuters


LONDON – Oil prices fell on Monday, with a U.S. crude futures contract hitting its lowest level since 1998, as concerns that U.S. crude storage will soon be full and bleak economic data hit sentiment.

Brent LCOc1 was down …

Source: Reuters

Oil falls towards $25 as oversupply fears mount with U.S. inventory rise

Reuters


LONDON – Oil fell towards $25 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories and a widening rift within OPEC heightened oversupply concerns.

Pledges of …

Source: Reuters

Oil falls as Trump says China trade deal could be delayed

Reuters


LONDON – Oil prices fell on Tuesday after U.S. President Donald Trump said that a trade deal with China could be delayed until after the next U.S. presidential election, though losses were capped by expectations for deeper output cuts …