Tag Archives: Oil

Oil fell to $66 a barrel on Thursday, the lowest level since May, under the weight of fears of weak demand with an increase in Covid-19 cases, a rise in the US dollar, and a sudden jump in US gasoline stocks. The World Health Organization has warned of the spread …

Oil prices declined on Wednesday, finishing at the lowest closing level since May, amid concerns over the spread of the coronavirus Delta variant and an expected negative impact on the recovery of energy demand. Earlier today, data showed a large drop in U.S. crude inventories to their lowest level since …

Crude oil inventories in the United States declined last week to their lowest level since January 2020. Inventories dropped by 3.2 million barrels in the week ending August 13, reaching 435.5 million barrels, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). The decline in …

Oil prices stabilized on Wednesday, August 18, after four days of decline, while investors were still concerned about the prospects for strengthening the demand for fuel, as the use of railways, aircraft, and other forms of transportation remained restricted in light of the high incidence of Covid-19 around the world. …

Oil, Crude, trading

Oil prices fell on Tuesday, August 17th, paring early gains, as fears of slowing demand for crude amid rising delta infections outweighed expectations that major oil producers would not boost supplies soon. Brent crude fell 51 cents, or 0.7%, to $69 a barrel, after reaching $69.77 earlier in the session. …

Oil, Crude, trading

Oil prices declined on Monday, with economic data in the world’s two biggest economies renewing concerns over the pace of recovery from the coronavirus pandemic, especially with the spread of the Delta variant. Factory production and retail sales in China slowed sharply last month, while in the United States, the …

Oil prices fell more than 1% on Monday, August 16, falling for a third session, after official data showed a slowdown in refining productivity and economic activity in China, in a sign that the new outbreak of Covid-19 is denting the world’s second-largest economy. Brent crude fell 90 cents, or …

Oil, Crude, trading