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Oil slides as Colonial pipeline restarts, high Covid-19 cases in India
-Oil extends loss on U.S. pipeline restart
Oil prices down as Colonial pipeline restarts
-Colonial announces pipeline restart, oil eases
Oil up as US stocks drop, positive OPEC outlook signals demand rebound
- US crude oil inventories forecast to drop by over 2.5 million barrels, American Petroleum Institute figures show
US energy agency revises down its oil price forecast
- International benchmark Brent crude is now estimated to average $62.26 per barrel in 2021
Oil prices down with cyberattack-induced demand curb in some US refineries
- Georgia-based Colonial Pipeline promptly shut down on Friday after ransomware hackers broke into some of its networks
Oil up as cyberattack forces closure of major fuel pipeline in US
- Prices also find support from easing of COVID-19 restrictions in US and Europe
Brent price up over 2% for week ending May 7
- Hopes of oil demand rebound ahead of summer season help bullish oil prices while rising virus cases keep demand fears fresh
07.05.2021
Oil
Oil up on projected demand rise, positive US, China economic data
- However rising cases in key crude importer India continues to pressure prices
Oil up as falling US crude stocks signal concrete oil demand recovery
- Terror attack on two oil wells in Iraq’s Kirkuk province supports rise in oil prices
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Oil prices rally over boosted recovery hopes in US
- Country’s crude oil inventories are expected to decline by 7.7 million barrels, raising hopes of demand return
Oil price down as virus surge in India threatens demand
- Investors remain cautious despite hopes of a sooner recovery in major oil-consuming states from restrictions easing
Oil down as demand falls in major oil importer India
- Adding to downward price pressure, OPEC+ countries began pumping more as of May 1 in line with their decision in April
Oil prices up over 3% for week ending April 30
- Positive oil demand forecasts help bullish oil prices while rising virus cases keeps demand fears fresh
Oil prices down as demand fears counter recovery hopes
- Boosted by positive projections of major oil producers, both benchmarks gained more than 10% in April
Oil prices rally over demand recovery optimism
-Less-than-expected rise in US crude stocks also helps upward price trend
Oil prices up as OPEC+ sees demand recovery in 2H21
-Price rise comes despite surging virus cases in India, Brazil and estimated build in US crude stocks
Oil up over positive economic recovery projections
- Rising coronavirus cases in India topping 300,000 for sixth consecutive day continue to limit upward price movements
Oil prices down as virus cases temper demand in India
- Investors to focus on Wednesday's OPEC+ meeting, where oil majors will discuss previous incremental output increases in May
Oil prices down nearly 2% for week ending April 23
- Bearish oil prices are pressured by rising cases globally while India registers fresh all-time highs on Friday
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Oil up on fuel demand recovery hopes in US, Europe
- However, resurgence in COVID-19 cases in India and Japan continues to put pressure on prices
Oil down as US crude stocks rise, COVID cases surge
- US commercial crude inventories rise by 0.1% for week ending April 16, against expected fall of 2.8 million barrels per day
Oil down over likely US crude rise, surge in Covid-19
- US crude oil inventories are forecast to rise by over 436,000 barrels, American Petroleum Institute figures show
Oil prices down as demand rises due to weaker US dollar
- Libya declares force majeure on exports in Hariga port, curbing 280,000 barrels per day over budget feud with central bank
Oil down over low demand fears from surging virus cases
- Slow pace of vaccination campaigns add to concerns over inability to achieve faster mass immunity
Oil prices up by over 7% for week ending April 16
- Positive oil demand forecasts of OPEC, IEA and hefty drop in US crude stocks also help bullish oil prices
Oil up over strong economic recovery signs in US, China
-Coronavirus cases in India, however, hit single-day record for first time since start of pandemic, curbing more price hikes
Oil up over large fall in US stocks, positive forecasts
- US commercial crude oil inventories fall more than market expectation by 1.2%, signaling oil demand recovery in country
Oil prices up on estimated fall in US crude stocks
- Weaker dollar also exerts upward pressure on oil prices which are indexed to US dollar