Post Tagged with: "oil rally"

Source: Reuters

Oil rally has more room to run, Brent expected to hit $80/bbl – Goldman


U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for the commodity.

Brent prices …

Source: Reuters

Oil’s rally, fueled by vaccine progress, is running out of steam


NEW YORK -The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking the end of the coronavirus pandemic is …

Source: Reuters

Oil prices extend rally on U.S. election day


LONDON – Oil prices extended their rally on U.S. election day with a 3% gain as financial markets staged a broad recovery, though gains were capped by concerns over surging coronavirus cases around the world.

Brent crude futures rose …

Source: CNBC

Oil rallies more than 50% in two days in comeback from record lows


Oil jumped more than 30% on Thursday, accelerating the recent rally as the Street eyed continued production cuts and rising U.S.-Iranian tensions.

West Texas Intermediate, the U.S. benchmark, rose 30%, or $4.18, to trade at $17.96 per barrel. …

Source: Houston Chronicle

Oil rally continues as virus fears show signs of easing

Houston Chronicle

Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing.

Chinese refiners have used oil’s earlier drop to snap up cheap cargoes, taking …