Oil Rises 1% After Cyber Attack Forces Closure of US Fuel ‘Jugular’ Pipeline
Crude prices climbed more than 1 per cent on Monday after a major cyberattack that forced the shutdown of critical fuel supply pipelines in the...
Search Results for: Crude Oil
Oil Gains with Stronger Growth Outlook Allaying Virus Concerns
Oil rose as a brighter outlook for economic growth and summer travel eased concerns around the impact of a resurgent coronavirus. Futures in New York...
Oil Drops for Fifth Straight Day After US Inventories Rise
Oil prices dropped for a fifth straight day on Thursday after official data showed a sustained rise in US crude and fuel inventories, while the...
Oil Scales 1 Year Peak as OPEC+ Rolls Over Output for April
Oil rallied more than 4 per cent on Thursday, hitting its highest in over a year, after OPEC and its allies agreed to keep production...
Oil to touch $52 Per Barrel After Trump Signs Aid Bill
Oil rose towards $52 a barrel on Monday as the US former President Donald Trump’s signing of a coronavirus aid package and the start of...
Oil Prices Hold as Investors Weigh Lockdown Against Vaccine
In the early Asian trading session, oil was little changed as investors weigh weak near-term fuel demand due to the tightened pandemic restrictions against distribution of vaccines...
Oil Prices Fall as OPEC+ Delays Talks to Raise Supply
Oil prices on Tuesday slipped amid concerns over increasing supply after the leading oil producers delayed their talks on the 2021 output policy which could extend...
Oil Prices Edges Up Ahead of OPEC+ Meeting
On Tuesday, Oil prices edged higher with expectations that OPEC and its allies would extend oil production cuts for at least three months, while the market sentiments was bolstered...
Oil Steady Near $40 With Stimulus Gloom Offset by China Imports
Oil steadied in Asian trading as fading hopes for more fiscal stimulus before the U.S. election offset optimism driven by an increase in Chinese crude imports...
Oil Drops Beyond Two-month Low on Bleak Short-Term Demand Outlook
There has been an observed decline in Oil levels since July, as recent indications note its lowest drop in intraday level by faltering demands and...