Oil Prices

On Tuesday, Crude prices rose underpinned by expectations of U.S. economic stimulus to support the world’s biggest oil consumer, as well as a rebound in Asian demand as economies, pick up. Brent crude LCOc1 futures rose 22 cents to…

On Friday, oil dipped to around $45 a barrel on worries that a demand recovery would slow due to a resurgence of coronavirus cases, although a pledge from OPEC member Iraq to cut oil output further in August lent support. Brent crude…

On Wednesday, oil prices rose to their highest since early March after data showed a big drop in U.S. crude inventories, although concerns that mounting coronavirus infections will lead to reduced fuel demand capped gains. Brent crude…

Oil prices rose more than 2% on Monday on positive economic data from Europe, Asia and the United States, but investors remained concerned about rising COVID-19 cases globally and oversupply as OPEC begins to lift supply cuts. Brent…

On Wednesday, oil prices rose after a surprise drop in U.S. crude inventories, but demand concerns amid record increases in COVID-19 infections in some U.S. states capped gains. Brent crude futures LCOc1 rose 54 cents, or 1.3%, to $43.76…

On Tuesday, oil prices fell as U.S. lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide. Brent crude was down 4 cents, or 0.1%, at $43.37 a barrel at 1331 GMT,…

Oil prices edged higher on Friday, supported by a weaker dollar, though tensions between the United States and China, as China ordered the United States to close its consulate in the city of Chengdu on Friday, responding to a U.S. demand…

On Wednesday, oil prices fell as industry data showed a bigger than expected inventory build in the United States, where a surge in coronavirus cases could further dent fuel demand in the world’s biggest oil consumer. Brent crude fell 60…

Oil prices gained more than 3% to hit a more than four-month high on Tuesday, helped by positive news about coronavirus vaccine trials and a European Union stimulus deal. Brent crude rose $1.39, or 3.2%, to $44.67 a barrel by 11:19 a.m.…

Oil prices were little changed on Monday as coronavirus cases increased in many countries, though cautious investor optimism about a potential COVID-19 vaccine and ongoing talks over a European Union fund to revive economies hit by the…