Post Tagged with: "oil slips"

Source: Reuters

Oil slips further on Europe demand concerns


LONDON – Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed U.S. crude inventories fell unexpectedly last week.

Several European countries have paused the use of AstraZeneca’s …

Source: Reuters

Oil slips, set for 20% annual drop in tumultuous 2020


NEW YORK  -Global crude prices slipped on Thursday and lost more than a fifth of their value in volatile trade in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and slammed fuel demand.

Still, Brent and …

Source: CNBC

Oil slips as producer cuts fail to banish demand fears


Oil prices edged lower on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.

Brent futures fell 52 cents, …

Source: Reuters

Oil slips below $62 as trade talks drag on


LONDON – Oil fell for a second day on Tuesday, dropping below $62 a barrel on limited progress toward resolving the U.S.-China trade dispute, higher than expected Norwegian oil output and forecasts of rising U.S. crude inventories.

A Chinese …