Surge in COVID-19 Cases, Inventories Build to Impact Oil Prices This Week
Adedapo Adesanya By Adedapo Adesanya Oil prices marked another positive closing last week, pushed by indications of economic recovery in…
Oil prices
Oil Prices Drop Amid Weak Demand Outlook
By Adedapo Adesanya Oil prices fell on Friday amid surging new coronavirus infections in the United States, which…
Oil Extends Rally on Strong US Jobs Data
By Adedapo Adesanya Oil prices kept up their positive momentum on Thursday on the back of a better-than-expected…
Oil Prices Drop as Spike in COVID-19 Cases Worries Traders
By Adedapo Adesanya The recent spike in the US crude inventory caused major oil futures to face south…
Oil Prices Recover 2% Amid Improvement in US Economy
By Adedapo Adesanya Oil prices recovered some of their previous day’s losses as traders banked on signs of…
Remarks on US-China Trade Deal Status Disrupt Oil Prices
By Adedapo Adesanya Prices of crude oil slipped from a three-month high on Tuesday, June 23 after it…
Rise in Inventories, Weak OPEC Demand Forecast Depress Oil Prices
By Adedapo Adesanya Oil futures fell on Wednesday as the US government reported that domestic crude supplies edged…
Oil Falls as Saudi Discontinues Additional Cut
By Adedapo Adesanya Crude oil fell on Monday after Saudi Arabia announced that it will not continue with…
Prices Surge as OPEC+ Agree to Extend Production Cut
By Adedapo Adesanya Oil prices wrapped a sixth weekly gain after oil producers reached a tentative agreement to…
Oil Prices Rise Amidst Fears of Escalating US-China Spat
By Adedapo Adesanya Oil prices rose marginally on Monday despite concerns over rising tensions between the United States…