Post Tagged with: "US crude stocks"

Source: Reuters

Oil prices at five-month high on big drop in U.S. crude stocks

Reuters


LONDON – Oil prices rose to their highest since early March on Wednesday on a drop in U.S. crude inventories and the weak dollar, but mounting coronavirus infections weighed on the demand outlook.

Brent crude was up $1.50, or …

Oil tops $42 as OPEC+ laggards pledge better compliance

Oil tops $42 as OPEC+ laggards pledge better compliance

Reuters


LONDON – Brent oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and on signs of demand, hit by the coronavirus crisis, …