Oil rises on US stocks relief but concerns remain
Oil prices are seeing modest gains today as surprisingly high oil stock draws are expected in the US, but the rise is capped by concerns over a coming imbalance from August.
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Oil prices are seeing modest gains today as surprisingly high oil stock draws are expected in the US, but the rise is capped by concerns over a coming imbalance from August.
The study offers subsurface interpretation for the entire offshore East Coast Canada.
Oil prices remain largely stable but concerns abound, while the market braces for some OPEC+’s curtailed production to return soon.
Oil prices fell on Monday, taking a hit by concerns over Covid-19’s continuous expansion and due to the latest US-China tensions saga.
Oil prices fell on Friday as the market is influenced by US-China relations and the continuous expansion of the pandemic.
Oil prices rose on Thursday as a weaker dollar helped oil purchases, but gains remained limited amid Covid-19 infection news and inventory build concerns.
Oil prices are losing some of yesterday’s gains as API reports an unexpected stock build in US crude inventories.
Oil prices are having some modest gains today, supported by the EU recovery deal.
Oil prices fell today as the Covid-19 pandemic continues to expand, threatening the future of oil demand, in a market that is slowly trying to recover production levels.
Oil prices have fallen as a surge of Covid-19 cases in the US and other key markets around the world throw doubts over gasoline demand and for how long it can keep its recovered levels.
Oil prices have risen as US crude inventories are believed to have fallen more than traders expected. However, more news that could move the market again could come from the OPEC+ meeting today.
Oil prices fell as the market expects OPEC+ to lower production curtailments, while Covid-19 slows demand recovery.