Post Tagged with: "oil steady"

Oil broadly steady after surprise US crude stock drop

Oil broadly steady after surprise US crude stock drop

US News


LONDON – Oil prices were broadly steady on Thursday, shored up by a surprise U.S. crude stock drop and the U.S. Federal Reserve sticking to its outlook on rate cuts for the year.

Brent crude futures for May

Source: Reuters

Oil steady as investors weigh tighter supply vs. growth outlook

BOE Report


Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel demand.

U.S. West Texas Intermediate crude was at …

Source: Reuters

Oil steady but weak US economic data stokes recession fears

BOE Report


Oil was steady on Thursday but weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed for a weekly advance after OPEC+ announced further output cuts and U.S. oil …

Source: Reuters

Oil steady after weekly U.S. crude stocks exceed expectations

BOE Report


Oil was steady in trade on Wednesday morning, paring two straight days of gains after an industry report showed U.S. crude inventories rose unexpectedly last week in a sign fuel demand may be weakening.

 

U.S. West Texas …

Source: CNBC

Oil steady on mixed U.S. economic data, stronger dollar

CNBC


Oil prices fluctuated in a narrow range on Thursday as the market weighed mixed U.S. economic signals and prospects for a Chinese demand recovery with a build in U.S. crude stocks and stronger dollar.

 

Brent crude futures rose …

Source: Reuters

Oil steady on China demand recovery hopes, likely unchanged OPEC+ output policy

Nasdaq


TOKYO/SINGAPORE – Crude oil edged up on Wednesday as optimism for demand recovery in China and a likely unchanged output cut decision by major oil producers offset global recession worries.

Brent crude LCOc1 rose 22 cents, or 0.3%, to …

Source: Reuters

Oil steady after mixed U.S. inventory report

Reuters


NEW YORK -Oil prices were little changed on Thursday, following two straight days of gains that took oil futures to highs not seen in a year, after weekly U.S. crude stocks fell sharply while fuel inventories rose more than …

Source: Reuters

Oil prices steady as lockdowns curb U.S. stimulus optimism

Reuters


LONDON  – Oil prices were steady on Monday as support from U.S. stimulus plans and jitters about supplies competed with worries about the impact on demand from renewed coronavirus lockdowns.

Brent crude futures for March fell 8 cents, or …

January 25, 2021 - 9:00 am Closing Bell Story‎, Crude Oil News, Energy News
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 …