Oil price news
Oil ticks down on crude stocks and Covid-19 fears
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 falls on US Covid-19 cases
Oil prices have fallen as Covid-19 continues to spread in the US.
Oil declines on new US Covid-19 infection record
Oil prices fell this morning, reversing some earlier gains of the week, as new record Covid-19 infections in the US worry traders.
Oil recovers gains as US crude stocks relief reassures traders
Oil prices rose this morning, reversing earlier losses, as a crude stockpile relief in the US, still inspires market confidence.
Oil prices strengthen on stock relief indication
Oil prices rose this morning on indications that crude inventories in the US fell by more than 8 million bpd last week.
Oil prices decline as a careful market waits for concrete positive news
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 decline amidst continuous rise in Covid-19 infections
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 rises as market ignores new Covid-19 cases and corrects earlier losses
Oil prices gained this morning, as traders ignored new Covid-19 spikes, partly correcting losses of previous sessions.
Oil falls further on stock build and demand concerns
Oil prices fell further this morning, as traders priced in the latest bits of concern about stock builds and the Covid-19 infections surge.
Oil falls back on Covid-19 cases spike and stock builds
Oil prices, after swinging from loses to gains and back in the morning, finally settled in a modest decline, moved by worries over a spike in Covid-19 cases and expected crude stock builds in the US.