Post Tagged with: "weak demand"

Source: Reuters

Oil slides 2% on worries about weak demand

Reuters

CALGARY, Alberta – Oil prices fell on Tuesday on concerns about weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast helped to limit losses.

Industry analysts said a strengthening U.S. dollar …

September 7, 2021 - 12:00 pm — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, Exploration and Production (E&P)
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+ …

December 28, 2020 - 10:00 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil drops 5% on weak demand outlook and higher OPEC supplies

Reuters

NEW YORK  – Oil prices fell more than 5% on Thursday as rising coronavirus cases around the world dampened the demand outlook, and a rise in OPEC output last month also pressured prices.

Brent crude LCOc1 futures fell $2.22, …

October 1, 2020 - 11:00 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
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