Oil Market - Page 22

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Oil Marks Another Weekly Drop over Worrisome Demand

September 12, 2020

Adedapo Adesanya

By Adedapo Adesanya Oil futures suffered a second consecutive weekly decline on Friday, pressured by worries over the outlook for demand and a climb

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Saudi Price Cut, Demand Slowdown Weaken Oil Market

September 8, 2020

Adedapo Adesanya

By Adedapo Adesanya Oil prices opened the new week with a downward movement on Monday on the back of news that Saudi Arabia made

global oil market

Oversupply Concerns Pull Down Oil Market Thursday

August 21, 2020

Adedapo Adesanya

By Adedapo Adesanya The oil market was down on Thursday after it was reported that oil producers needed to address the daily oversupply of

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Renewed Demand, Rising Supply to Impact Bullish Oil Trends

August 17, 2020

Adedapo Adesanya

By Adedapo Adesanya Oil prices marked another week of bullish return last week largely supported by data from the United States government which

global oil market

Second Wave Infections Threaten Oil’s Monthly Gaining Streaks

August 10, 2020

Adedapo Adesanya

By Adedapo Adesanya Oil prices may struggle to hold on to their five-month highs this week as fuel demand worries caused by the second

crude oil price at market

New Oil Cut, US-China Tension to Dampen Market This Week

August 3, 2020

Adedapo Adesanya

By Adedapo Adesanya After oil prices marked another consecutive monthly gain in July, the market will likely face pressures of possible oversupply this week

global oil market

Oil Market Gains on Record Drop in US Stockpiles

July 30, 2020

Adedapo Adesanya

By Adedapo Adesanya Oil prices rose on Wednesday on the back of a drop in the US crude inventories, but another record day for

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Crude Oil Market Falls Further Amid Uncertainties

July 24, 2020

Adedapo Adesanya

By Adedapo Adesanya The crude oil market was depressed further on Thursday as investors became wary of uncertainties surrounding the environment. The market has

crude oil market

Rising Decline in Demand Threatens Oil Market

June 29, 2020

Adedapo Adesanya

By Adedapo Adesanya Oil prices pulled back a bit during the last trading session of last week as the market continues to go back

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Remarks on US-China Trade Deal Status Disrupt Oil Prices

June 24, 2020

Adedapo Adesanya

By Adedapo Adesanya Prices of crude oil slipped from a three-month high on Tuesday, June 23 after it had rallied earlier in the day

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