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Reuters - Business

Oil prices fall as coronavirus case surge heightens demand fears

Reuters
MELBOURNE/SINGAPORE (Reuters) – Oil prices slipped on Thursday on concerns that a spike in new coronavirus cases in China and the United States could dampen a recovery in fuel demand, even as lockdowns ease. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin......
Reuters - Business

Oil slumps as U.S. crude stocks build amid virus resurgence fears

Reuters
SEOUL (Reuters) – Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave of the coronavirus pandemic threatened to halt any recovery of demand. FILE PHOTO: The sun is seen behind a crude oil......
Reuters - Business

Oil prices rise 3% on signs of U.S. economic recovery

Reuters
NEW YORK (Reuters) – Oil prices rose 3% in volatile trade on Tuesday as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases. FILE PHOTO: The sun is seen behind......
Reuters - Business

Oil prices rise on supply cuts, improving demand

Reuters
LONDON (Reuters) – Oil prices rose on Tuesday, with Brent crude rising above $40 a barrel, as the IEA increased its oil demand forecast for 2020 and as record supply cuts supported. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving......
Reuters - Business

Oil prices edge higher as supply cut hopes outweigh coronavirus resurgence fears

Reuters
TOKYO/SINGAPORE (Reuters) – Oil prices made marginal gains on Tuesday, reversing out of earlier losses, as hopes for further cuts in crude supplies took the sting out of concerns that a resurgence of new coronavirus infections around the world could hamper fuel demand. FILE PHOTO: The sun is seen behind......
Reuters - Business

Oil prices ease as coronavirus infections rise

Reuters
TOKYO (Reuters) – Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts could be extended kept declines in check. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian......
Reuters - Business

Oil prices rise 2% on optimism around OPEC+ output pact

Reuters
NEW YORK (Reuters) – Oil prices rose more than 2% on Monday as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy. FILE PHOTO: The sun is seen behind a crude......
Reuters - Business

Oil falls on growing fears of coronavirus second wave

Reuters
LONDON (Reuters) – Oil prices fell on Monday as new coronavirus infections hit China, Japan and the United States, adding to concerns that a resurgence of the virus could hamper a recovery in fuel demand. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian......
Reuters - Business

Oil drops as new coronavirus outbreaks raise fuel demand concerns

Reuters
TOKYO (Reuters) – Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could weigh on the recovery of fuel demand. FILE PHOTO: The sun is seen behind a......
Reuters - Business

Oil prices drop as rising U.S. coronavirus cases stoke fears of weak fuel demand

Reuters
FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol SEOUL (Reuters) – Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a......
Reuters - Business

Oil prices see weekly loss on virus resurgence fears

Reuters
NEW YORK (Reuters) – Oil was little changed on Friday and logged a first weekly decline since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France......
Reuters - Business

Oil on track for weekly loss on virus resurgence fears

Reuters
NEW YORK (Reuters) – Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris,......
Reuters - Business

Oil prices extend slump as U.S. coronavirus cases climb

Reuters
TOKYO (Reuters) – Oil prices slid early on Friday, extending heavy overnight losses on a surge in U.S. coronavirus cases this week that has raised the prospect of a second wave of the outbreak slamming demand in the world’s biggest consumer of crude and fuel. FILE PHOTO: The sun sets......
Reuters - Business

Oil prices slump 8% as virus-related demand concerns resurface

Reuters
NEW YORK (Reuters) – Oil prices tumbled about 8% a barrel on Thursday, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States. FILE PHOTO: The sun is seen behind a crude oil pump jack......
Reuters - Business

Oil prices hit by record U.S. crude inventories, bearish Fed

Reuters
LONDON (Reuters) – Oil prices fell on Thursday, hit by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy would shrink 6.5% this year. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in......
Reuters - Business

Oil prices drop on concerns about patchy demand recovery, record U.S. stocks

Reuters
MELBOURNE (Reuters) – Oil prices fell more than 2% on Thursday on worries about slow demand growth with coronavirus cases rising, U.S. crude stockpiles hitting an all-time high and the U.S. Federal Reserve projecting recovery from the pandemic would take years. FILE PHOTO: The sun is seen behind a crude......
Reuters - Business

ConcoPhillips CEO says surprised by swift recovery in oil prices

Reuters
FILE PHOTO: ConocoPhillips CEO Ryan Lance attends Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai (Reuters) – ConocoPhillips (COP.N) Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative......
Reuters - Business

Oil falls towards $40 as U.S. inventory rise revives glut worries

Reuters
LONDON (Reuters) – Oil fell more than 2% towards $40 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand due to the coronavirus crisis. FILE PHOTO: A pump jack operates at a well site leased......
Reuters - Business

Oil down as rising U.S. inventories reawaken supply anxiety

Reuters
TOKYO (Reuters) – Oil prices fell on Wednesday after a rise in crude and fuel stockpiles in the United States revived fears about oversupply and falling fuel demand in the world’s largest crude consumer amid the coronavirus outbreak. FILE PHOTO: A pump jack operates at a well site leased by......
Reuters - Business

Oil drops after U.S. inventory build renews oversupply concerns

Reuters
FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford TOKYO (Reuters) – Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns......

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