Oil prices fell as Covid-19 cases hit daily country record in the US, erasing previous gains and pricing in the demand uncertainty ahead.
Oil prices are largely stable today as a decline in gasoline stocks balances fear over increased Covid-19 cases in key-market countries.
Oil prices are just below yesterday’s levels as everyone waits to see how crude stocks will evolve and amid fears of demand destruction by Covid-19.
Oil prices fell this morning, reversing some earlier gains of the week, as new record Covid-19 infections in the US worry traders.
Oil prices rose this morning, reversing earlier losses, as a crude stockpile relief in the US, still inspires market confidence.
Oil prices rose this morning on indications that crude inventories in the US fell by more than 8 million bpd last week.
Oil prices declined this morning as traders continue to keep them in manageable levels, on anticipation of more bullish news and with a wary eye on how Covid-19 evolves.
Oil prices declined this morning, as traders priced in the continuous rise of Covid-19 infections and the consequences that may follow as a result.
Oil prices gained this morning, as traders ignored new Covid-19 spikes, partly correcting losses of previous sessions.