Post Tagged with: "US reserves"

Source: Reuters

Oil rises as global energy crunch takes hold

Reuters


LONDON – Oil prices rose on Friday to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs and prompted China to demand increased coal production.

Energy markets have …

Source: Reuters

Oil prices rise after sharp losses caused by U.S. stockpile surge

Reuters


LONDON – Oil prices rose on Thursday after sharp losses in the previous session, with investors hoping that a build-up in U.S. inventories may mean producers have little option but to cut output as the coronavirus pandemic ravages demand.…