Post Tagged with: "oil prices May"

Source: Reuters

Oil inches higher as upbeat demand outlook counters supply concerns


LONDON – Oil prices inched higher on Friday, with Brent holding near $70 a barrel as strong U.S. economic data and expectations of a rebound in global demand outweighed concerns about more supply from Iran once sanctions are lifted.…

Source: BOE Report

Oil prices fall on rising COVID-19 infections in Asia, inflation fears

BOE Report

Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears of rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit …