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Oil prices fall as major economies renew lockdowns
- France, Germany announce nationwide lockdowns while Italy, Spain bring strict restrictions to curb spread of coronavirus
Oil prices down over unexpected rise in US crude
- API forecasts rise in US crude inventories of 4.6 million barrels relative to market expectation of 1.2 million-barrel hike
Oil prices up as Storm Zeta threatens Gulf of Mexico
- Further increases are offset by sustained low demand and oversupply concerns
Brent oil price down 0.25% for week ending Oct. 23
- Boosting oversupply concerns, US oil rigs records highest level since January with rise of 12 to 205 last week
Oil prices down over China’s lackluster economic growth
- Uncertainties over oil demand especially in aviation sector continue to weigh on markets, analysts say
Brent oil price up 0.70% for week ending Oct. 16
- OPEC, IMF, Fitch Ratings and IEA release outlooks on future of oil with pessimistic views for 2020, slight recovery in 2021
Oil prices down over negative demand projections
- Strong dollar is exerting oil price pressure, making them more expensive for other currency holders
Oil prices down over market uncertainty
- Investors worry about demand as France starts imposing night curfews to stem spread of virus
Oil prices down over weak demand concerns
- COVID-19’s uncertainties over contact-intensive sub-sectors - travel, transportation & tourism will continue in 2021: OPEC
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Oil prices up on hopes boosted for COVID-19 vaccines
- Further price rises capped by oversupply concerns as demand recovery fails due to increasing pandemic cases worldwide
Oil prices down on conclusive signs in strike in Norway
- Norwegian Oil and Gas Association warns 25% of hydrocarbon output on Norwegian shelf will be affected if strike continues
Oil prices slightly up as Hurricane Delta halts output
- Almost 29% of oil output is forced to shut down due to Hurricane Delta which is expected to reach Gulf of Mexico on Friday
Oil prices fall as Trump postpones virus stimulus talks
- US President Donald Trump says he called off negotiations for coronavirus stimulus deal until after elections
Oil prices up as Trump discharged from hospital
- US President Donald Trump was receiving treatment after he tested positive for COVID-19 last week
Oil prices up over news of Trump’s improving health
- US President Donald Trump has been receiving medical treatment since he tested positive last week
Brent slightly up on optimism over US covid relief deal
- US Treasury Secretary Steven Mnuchin relays progress in talks with House Speaker Nancy Pelosi on stimulus bill
Oil prices drop as markets suffer from demand crisis
- Uncertainty over coronavirus outbreak continues to negatively affect global economic recovery
Oil price up with new US coronavirus relief bill hopes
- Coronavirus deaths worldwide now total over 1 million, according to the latest data from Johns Hopkins University
Oil prices decline as US stocks drop less than expected
- US crude oil inventories fall by 1.6 million barrels compared to market expectation of 2.3 million-barrel draw
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Oil prices slide with US crude buildup estimates
- US crude oil inventories are expected to rise by 691,000 barrels for week ending Sept. 18
Oil prices down due to epidemic-related uncertainty
- Number of COVID-19 cases worldwide is now over 31 million
Oil prices down as Libya resumes exports
- Rising number of coronavirus cases continue to put pressure on oil prices
Brent oil price up 7.02% for week ending Sept. 18
- OPEC+ meeting results in full commitment to oil cut agreement and compensation mechanism to ease oversupply concerns
Oil prices up as OPEC pledges commitment to output cuts
- OPEC+ countries are currently cutting output by 7.7 million barrels per day up to December to support prices
Oil up due to storm-related halts in Gulf of Mexico
- Nearly 21.39% of oil production, 25.28% of natural gas production in Gulf of Mexico are shut-in
Oil prices up as storm Sally threatens Gulf of Mexico
- British pharmaceutical company AstraZeneca’s resumption of coronavirus vaccine also yields upward price pressure
Brent oil price down 5.16% for week ending Sept. 11
- Saudi Arabia’s decision to trim October prices for its sales to US and Asia causes sharp oil price decline
Oil prices down with unexpected US stock buildup
- Crude oil inventories in US rose by 2 million barrels for week ending Sept. 4