Post Tagged with: "oil steadies"

Source: Reuters

Oil hits new high near $75 on demand rise, falling inventories

Reuters


LONDON -Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories.

The American Petroleum …

Source: Reuters

Oil steadies as U.S. inventory fall tempers demand woes

Reuters


LONDON – Oil prices were broadly steady on Wednesday as rising global COVID-19 cases took the shine off an earlier rally spurred by a bigger-than-expected drop in U.S. crude inventories.

Brent crude prices were up 11 cents, or 0.2%, …

Source: Reuters

Oil steadies below $52 as U.S. stimulus counters weak demand

Reuters


LONDON – Oil steadied on Monday, after earlier rising to $52 a barrel, as optimism over the U.S. stimulus package and the start of a European vaccination campaign was balanced by weak demand and the prospect of higher OPEC+ …

Source: Reuters

Oil steadies as frail demand outlook offsets U.S. stock fall

Reuters


LONDON  – Oil prices steadied on Thursday, as the bullish impact of a fall in U.S. inventories was offset by a stronger dollar and a renewed wave of coronavirus cases in Europe that led several countries to reimpose travel …