Post Tagged with: "oil steady"

Source: Reuters

Oil holds steady; traders look to U.S. stimulus talks for hope

Reuters


NEW YORK  – Oil was little changed on Tuesday, pressured by the threat to demand from rising coronavirus cases worldwide and increased Libyan output, though traders said talk of a U.S. stimulus package was supporting markets.

Brent crude LCOc1

Oil steady on new lockdowns, vaccine hopes

Oil steady on new lockdowns, vaccine hopes

Reuters


LONDON – Oil steadied on Monday, pressured by concerns over surging coronavirus cases globally and by Libya’s plan to boost output, however, prices found some support by hopes of a U.S. fiscal package and expectations of a vaccine by …

October 19, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: CNBC

Oil steady as surge in virus cases clouds demand recovery

CNBC


Oil prices were slightly higher on Monday despite rising coronavirus cases that upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week’s …

September 28, 2020 - 12:30 pm Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil industry paints grimmer picture of pandemic’s harm to demand

Reuters


SINGAPORE/LONDON/NEW YORK  – Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic’s ongoing assault on the global economy.

The novel coronavirus hammered fuel demand in the spring, causing …

September 15, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil steady as demand concerns rise, Libya output looms

Reuters


LONDON – Oil prices slipped slightly on Monday amid concerns about a stalled global economic recovery and with Libya poised to resume production, but were supported by an impending storm which has disrupted U.S. oil output.

Brent crude LCOc1

Source: Reuters

Oil steady on signs of output cuts but demand concerns weigh

Reuters


LONDON – Oil prices were steady on Tuesday amid signs that producers are cutting output as promised while traders awaited more clarity on the demand picture as some countries ease out of lockdowns.

Benchmark Brent crude was up 4 …

May 19, 2020 - 9:00 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Houston Chronicle

Oil steady as Asian states seek to offset virus hit to economies

Houston Chronicle


Oil steadied near $57 a barrel in London as China and other Asian states promised economic stimulus to offset the impact of the coronavirus, buoying the outlook for fuel demand.

Prices recovered more than 5% last week, the …