Post Tagged with: "weak demand"

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+ …

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, …