Tag: U.S. oil prices

Energy, Industries

Oil mixed as halted flights weigh and Omicron optimism supports

December 27, 2021


U.S. oil fell on Monday after airlines cancelled thousands of flights over the Christmas holidays amid surging COVID-19 cases, though Brent crude gained support from hopes that the Omicron variant will have limited impact on global demand. More than 1,300 […]

Energy, Industries

U.S. oil prices trade more than 7% lower as traders say China-U.S. relations a source of tension for crude

May 4, 2020

Via: Market Watch

U.S. oil prices headed lower early Monday, with persistent worries about a flare up in tensions between China and the U.S. over the former’s handling of the outbreak of the novel strain of coronavirus seen as one catalyst for a […]

Energy, Industries

Oil plunges more than 25%, extending recent losses as storage fills

April 27, 2020


U.S. oil prices plunged more than 25% on Monday on fears that worldwide storage will soon fill as the coronavirus pandemic continues to roil demand. West Texas Intermediate for June delivery fell 28%, or $4.75, to trade at $12.19 per […]

Energy, Industries

Oil prices extend June surge as Russia signals intent to stick with OPEC+ production curbs

July 1, 2019

Via: Market Watch

U.S. oil prices snapped back with modest gains Monday, building on the more than 9% jump for the month of June, as major producers said they’ll hold back in pushing more oil onto the global market. August West Texas Intermediate […]

Energy, Industries

U.S. oil prices drop on indication of domestic supply build; global Brent gains

May 1, 2019

Via: Market Watch

Oil prices took to split paths early Wednesday, with U.S.-priced crude lower after a snapshot of production data revealed a U.S. inventory build. But the international benchmark Brent maintained modest gains, to build on a strong April showing. “WTI oil […]

Energy, Industries

Oil prices try to steady after 12th straight drop

November 14, 2018

Via: Market Watch

U.S. oil prices wavered early Wednesday as investors continued to wrestle with rising crude supplies against lingering questions about demand. West Texas Intermediate oil for December delivery CLZ8, +0.61% rose 23 cents, or 0.4%, at $55.91 a barrel, after settling […]

Energy, Industries

Goldman Sachs Still Says Brent Crude Oil Will Hit $80 By Year’s End

November 2, 2018

Via: Fortune

U.S. oil prices are at a six-month low and saw an especially sharp drop in October. Record production in the U.S. and an agreement by OPEC to raise supply may be responsible. But the bank Goldman Sachs says there are […]