Oil price news

Oil prices fell on Friday as the market is influenced by US-China relations and the continuous expansion of the pandemic.

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.

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

Oil prices are having some modest gains today, supported by the EU recovery deal.

Oil prices fell today as the Covid-19 pandemic continues to expand, threatening the future of oil demand, in a market that is slowly trying to recover production levels.

Oil prices have fallen as a surge of Covid-19 cases in the US and other key markets around the world throw doubts over gasoline demand and for how long it can keep its recovered levels.

Oil prices have risen as US crude inventories are believed to have fallen more than traders expected. However, more news that could move the market again could come from the OPEC+ meeting today.

Oil prices fell as the market expects OPEC+ to lower production curtailments, while Covid-19 slows demand recovery.

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.