Oil price news
Oil swings from gains to losses as uncertainty prevails after OPEC+ meeting
Oil prices have swung towards both sides today, due to the uncertainty that the OPEC+ meeting created, and as the US election is coming closer and closer.
Oil declines on new Covid-19 restrictions
Oil prices fell today on bearish Covid-19 news, but anticipation of the OPEC+ meeting and crude inventory draws still provide support.
Oil largely unchanged on mixed IEA signals and anticipation of OPEC+ meeting
Oil prices are fluctuating around Tuesday’s levels today on mixed signals from the IEA and on anticipation of the OPEC+ upcoming meeting.
Oil prices rise as supply gets hit by US hurricane and Norway strike
Oil prices have risen today as a hurricane in the US and an oil worker strike in Norway reduce global supplies.
Oil falls as Trump breaks talks on stimulus bill while US stockpiles increase
Oil prices declined today as US President Donald Trump halted negotiations on a new stimulus bill that would support the Covid-19 hit economy, while US crude stocks also increased.
Oil falls on supply-demand balance concerns
Oil prices declined on Wednesday as oil demand seems fragile amid a rise in Covid-19 infections, while supply increases.
Oil falls on market pessimism and Covid-19 persistence
Oil prices declined on Monday as Covid-19 infections continue to increase and on key market participants’ pessimism.
Oil inches up as traders adjust yesterday's decline levels
Oil prices rose a little on Tuesday as the market adjusted the scale of Monday’s decline, but downside risks remain.
Oil starts the week on the back foot
Oil prices are falling today in response to a combination of supply-demand bearish news.
Oil falls as market corrects boosted price levels
Oil prices declined today as the market is correcting the exaggerated price levels reached in yesterday’s session. Meanwhile, Covid-19 demand concerns and US supply return.