Oil price news

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.

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 have fallen as Covid-19 continues to spread in the US.