Oil price news

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.

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 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.

Oil prices recovered early losses and see gains on relief that international trade remains unchanged, while road fuel demand stands strong despite a spike in Covid-19 cases.

Oil prices continued to gain on prolonged enthusiasm from Thursday’s OPEC+ meeting, with traders expecting increased production-cut compliance and regaining trust that supply is under control.

Oil prices have swung to gains after road fuel demand signals and an upcoming OPEC+ meeting weighted positively on trader sentiments.

Oil prices have swung to gains after a morning flavoured by concerns over expected crude stock build in the US.