Skip to main content

Special reports

Oil edges up on price correction, traders brace for August

Oil prices rose a bit today, correcting some of yesterday’s losses, which were more a sign of shock on economic collapse figures. Nevertheless, traders brace for August, a month of returned production from OPEC+ amid stalled demand recovery.


Oil falls on Covid-19 fears, OPEC's production comeback

Oil prices are falling today, with traders ignoring yesterday’s US crude stock news and acknowledging Covid-19’s threat to the demand recovery, while waiting for OPEC’s returned production to hit the market again.


Oil rises on US stocks relief but concerns remain

Oil prices are seeing modest gains today as surprisingly high oil stock draws are expected in the US, but the rise is capped by concerns over a coming imbalance from August.

 

*

Oil gains on currency effect

Oil prices rose on Thursday as a weaker dollar helped oil purchases, but gains remained limited amid Covid-19 infection news and inventory build concerns.


More Special reports news

Oil prices down on US stock builds

Oil prices are losing some of yesterday’s gains as API reports an unexpected stock build in US crude inventories.