home
>
related news
Oil prices down on concerns over COVID-19 vaccines
- Further lockdowns in Europe and Asia erase last week’s gains, according to experts
Brent oil price down 0.52% for week ending Jan. 15
- Re-emergence of coronavirus in China tempered gains that were supported by higher US stimulus package
Oil prices to stay below $60 in 1H21: Report
- Supply expected to stay well below pre-crisis levels in first half of 2021
Oil prices down as virus cases on rise in China
- Further falls capped when US President-elect unveiled virus relief plan to provide direct payment of $1,400 to individuals
Oil prices down over lingering demand concerns
-Despite large US crude stock drawdown, investors still have demand concerns amid debate on efficacy of coronavirus vaccines
Oil prices up over higher US pandemic relief plan
- Increase in number of coronavirus cases worldwide and tightening measures continue to raise concerns over oil demand
Oil prices down over reemergence of virus in China
- Increasing number of US oil rigs also weighs on prices, signaling greater short-term output and raising supply glut concerns
Oil prices up over 4% for week ending Jan. 8
- Surprise Saudi output cut at OPEC+ meeting and increasing rates of Asian shares are main reasons for driving prices up
Oil prices up still buoyed by OPEC+ output cut
- OPEC+ decision to cut output by more than expected in February and March relieves markets from low demand amid lockdowns
home
>
related news
Oil up on inventory fall, protests in US
- Commercial crude oil stocks decrease by 8 million barrels against market expectation of 1.5-million barrel fall
Oil prices soar after surprise OPEC+ output cut
- Group agrees to cut production by 925,000 barrels per day in Feb. and 850,000 barrels per day in March from January rate
Oil prices down over adjourned OPEC+ meeting
- Meeting to resume later Tuesday after inconclusive Monday meeting due to splits on production cuts among member countries
Oil prices up ahead of OPEC+ meeting
-At meeting later Monday, group will decide February's production quota, which is expected to remain at 7.2M barrels per day
Oil up on US inventory fall, UK vaccine approval
- Commercial crude oil stocks decrease by 6.1 barrels against market expectation of 2.1-million barrel fall
Oil prices up on economic rebound optimism
- API estimates 4.8M-barrel decline in US crude oil inventories last week from market expectation of 2.1M-barrel draw
Oil prices up after US okays stimulus payments
- Investors are now waiting for outcome of OPEC+ meeting on Jan. 4 when group will decide on next month’s production quota
Oil down on demand fears from spread of virus variant
-US President Donald Trump finally signs pandemic relief pack, boosting hopes for economic recovery in country
Oil prices up on Brexit deal, US relief pack hopes
-While rise in coronavirus cases still pressures oil prices, vaccines continue to instill hope of speedier demand recovery
Oil prices climb as US oil inventories fall
- Crude oil inventories in US fall by 600,000 barrels for week ending Dec. 18
home
>
related news
Oil prices down over pandemic-driven demand fears
-Further fueling weak demand fears, US crude oil inventories are forecast to rise by 2.7 million barrels, API figures show
Future of oil prices depends on vaccines: IEA chief
- Even if viable vaccine becomes widely available, little recovery is expected in oil markets, says Fatih Birol
Oil prices down over new COVID strain in UK
- Concerns that measures against mutant coronavirus will tighten further slow oil demand rebound, pushing prices down
Brent oil price up 1.68% for week ending Dec. 18
- Vaccine campaigns in UK, Canada and US support prices while negative 2021 outlook exerts downward price pressure
Oil prices down over weak demand fears
- Many European countries impose either strict restrictions, night curfews or lockdowns, fueling investor oil demand concerns
Oil prices reach 9-month high over US stocks drop
- US commercial crude oil inventories rise by 3.1 million barrels relative to market expectation of 3.5 million-barrel fall
Oil prices drop slightly over lingering demand fears
- Tightening restrictions and renewed lockdowns in Europe reignite demand fears that were simmered down over vaccine rollouts
Brent oil price up 1.81% for week ending Dec. 11
- Imminent vaccine releases in UK, Canada and US contribute towards positive market outlook during week
Brent oil over $50 on vaccine optimism
-Massive build in US crude oil inventories is limiting upward price pressure