Oil Prices

Oil prices steadied on Wednesday, supported by a sharp drop in U.S. inventories, but further gains were held in check as the Saudi oil minister said OPEC and allies may ease supply curbs from August as the global economy slowly recovers…

Oil prices were little changed on Monday after falling earlier as a record daily rise in global coronavirus cases boosted concerns that demand could fall again, while a producer meeting this week was expected to recommend an increase in…

On Friday, Oil prices dropped and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Brent crude was down…

On Thursday, oil prices edged lower as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand. Brent crude LCOc1 futures fell 21 cents, or 0.4%, to $43.08 by 0908 GMT, after…

Oil prices inched lower on Wednesday, as rising U.S. crude inventories and an increase in U.S. coronavirus infections put the brakes on a price recovery sparked by easing lockdowns. Brent crude futures fell 19 cents to $42.89 a barrel by…

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude LCOc1 futures declined by 24 cents, or 0.56%, to $42.86, by 1236 GMT.…

Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic recovery and rise in energy demand despite surging coronavirus infections around the world.…

Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to a trickle since the start of the year. The more-active September contract for Brent LCOc2 fell 22 cents, or…

Oil prices slid on Monday as sharp spikes in new coronavirus infections around the world forced some countries to resume partial lockdowns, raising concerns about the pace of economic recovery and fuel demand. Brent crude LCOc1 had…

Oil prices dipped on Friday, erasing earlier gains, as new coronavirus cases spiked in the United States and China, and on growing concerns about rising U.S. output ticking up while crude stockpiles sat at record highs. Brent crude LCOc1…