Markets & Investment


Oil trades above $50 buoyed by deep Saudi output cut

Wednesday, January 6, 2021, 6:30 AM MST

Oil touched a 10-month high above $50 a barrel after Saudi Arabia pledged to cut an extra 1 million barrels…

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Oil rises above $48 with OPEC+ talks set to start second day

Tuesday, January 5, 2021, 6:21 AM MST

Oil gained ahead of a resumption of OPEC+ talks that were unexpectedly suspended due to a disagreement over whether to…

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OPEC+ warns of risk to oil recovery as group plots next move

Monday, January 4, 2021, 6:56 AM MST

OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies…

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Oil flirts with $50 on dollar weakness with OPEC+ set to meet

Monday, January 4, 2021, 6:08 AM MST

Oil rose for a fourth day – aided by a falling dollar – before OPEC+ meets to decide whether it…

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Oil poised for first weekly loss in 2 months on new virus strain

Thursday, December 24, 2020, 6:27 AM MST

Oil was poised for its first weekly loss since October as the discovery of a potentially faster-spreading variant of Covid-19…

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Oil steady near $47 as traders weigh stockpile build, virus risk

Wednesday, December 23, 2020, 6:59 AM MST

Oil steadied near $47 a barrel in New York after coming under pressure from signs of increased U.S. supply and…

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Oil’s slump deepens as new virus strain threatens fuel demand

Tuesday, December 22, 2020, 6:24 AM MST

Oil extended this week’s slump on fears that rising virus infections and a faster-spreading strain will inflict a new blow…

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Oil plunges with virus mutation raising lockdown risks

Monday, December 21, 2020, 6:58 AM MST

Oil plummeted the most in seven weeks, with investors fleeing the market as a mutation of Covid-19 discovered in the…

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Oil near highest level since February with bumper rally pausing

Friday, December 18, 2020, 6:20 AM MST

Oil was steady after its highest close in almost 10 months as U.S. lawmakers worked toward finalizing a stimulus deal…

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Oil pares earlier gains as rally toward 10-month high stalls

Thursday, December 17, 2020, 6:51 AM MST

Oil pared its earlier rally toward the highest settlement in almost 10 months as the market weighed the potential distribution…

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Oil edges lower after report points to rising U.S stockpiles

Wednesday, December 16, 2020, 6:56 AM MST

Oil slipped from its highest level in almost 10 months after an industry report pointed to an increase in U.S.…

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Oil steady near nine-month high with IEA seeing lasting glut

Tuesday, December 15, 2020, 6:46 AM MST

Oil traded near a nine-month high as the IEA cautioned that a market glut will last another year. Futures had…

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