Crude rises 2% after draw in US oil stocks spurs demand hope

NEW YORK: Crude prices rose more than 2% on Wednesday after government data showed US oil inventories fell across the board, bolstering hopes that fuel demand in the world’s biggest … Read More

Oil prices hit 5-month high as US crude stocks fall sharply

NEW YORK: Oil prices rose to their highest since early March on Wednesday after a large decline in US crude inventories and supported by a weak dollar, but mounting coronavirus … Read More

Brent crude prices: Oil steadies as coronavirus demand concerns outweigh weak dollar

NEW YORK: Oil were mostly steady on Thursday as rising US fuel inventories and concerns about the impact of surging coronavirus cases on energy demand offset a weaker dollar, which … Read More

oil prices: Oil prices fall on U.S. inventory build, increasing pandemic fears

SINGAPORE: Oil prices fell on Wednesday as industry data showed a bigger- than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in … Read More

Crude futures: Oil prices idle as coronavirus spike fears offset signs of gasoline recovery

Oil prices barely moved in early trade on Thursday as positive momentum from signs of a recovery in U.S. gasoline demand was tempered by concerns about renewed lockdowns with COVID-19 … Read More