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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
