Post Tagged with: "oil rises"

Source: Reuters

Oil rises but remains rangebound as OPEC cuts offset virus fears

Reuters


SINGAPORE  – Oil prices edged up on Friday but traded in a tight range as demand concerns caused by new coronavirus variants and slow vaccine rollouts offset a cut in Saudi Arabian oil supply and falling U.S. oil inventories.…

January 29, 2021 - 9:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil rises above $55, set for weekly gain on Saudi output cut

Reuters


LONDON – Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia’s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases.

Brent crude …

Source: Reuters

Oil rises on hopes U.S. pandemic stimulus will spur fuel demand

Reuters


LONDON -Oil rose on Tuesday as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulating economic growth, which pushed investors to take on more risk.

Brent crude was up 53 cents, or 1%, …

Source: CNBC

Oil rises towards $41 on U.S. Gulf shutdowns, outlook weak

CNBC


Oil rose on Tuesday towards $41 a barrel as oil companies shut down some U.S. Gulf of Mexico oil output due to a hurricane, although surging coronavirus infections and rising Libyan supply limited gains.

Companies including BP, Chevron and …

October 27, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Oil edges up to $42, eyeing Libya and U.S. inventories

Reuters


LONDON – Oil edged up to around $42 a barrel on Wednesday, supported by rising investor risk appetite and a report that U.S. fuel inventories fell, although rising crude supply and concern of stalling demand capped gains.

European equities …

September 23, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil rises on expectations demand can survive new lockdowns

Reuters


LONDON  – Oil prices rose on Tuesday as analysts took the view that renewed lockdown restrictions would have only a limited impact on fuel demand, partly reversing a steep drop in prices the previous day.

Brent crude LCOc1 was …

September 22, 2020 - 10:30 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil rises towards $46 on U.S. inventory drop, economy hopes

Reuters


LONDON – Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of an economic recovery from the coronavirus …

Source: Reuters

Oil rises on signs of economic recovery, but new infections loom

Reuters


LONDON – Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic recovery, however, fears of surging coronavirus infections capped the gains.

Brent crude LCOc1 was …

Source: Reuters

Oil rises further above $26 as OPEC+ begins record cuts

Reuters


LONDON – Oil rose further above $26 a barrel on Friday as OPEC and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that has been weighing on the market.

The …