Oil futures rose Tuesday, finding support as traders turned their attention to easing COVID19 restrictions in the U.S. and Europe, which look to help boost energy demand. In the U.S., demand is surging, and combined with plans to ease U.K. restrictions on air travel, those developments are offsetting concerns about demand destruction in India and […]

Oil futures pushed higher Wednesday, finding support after the Organization of the Petroleum Exporting Countries and its allies stuck with plans to continue gradually easing production curbs, signaling confidence in the demand outlook despite a surge in COVID19 cases in India. West Texas Intermediate crude for June delivery rose 54 cents, or 0.9, to 63.48 a […]

Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of COVID19 infections in India and a biggerthanexpected build in U.S. crude stocks capped gains. Brent crude futures rose 28 cents, or 0.42, to 66.70 a barrel at 0646 GMT, following a 1.2 gain from Tuesday. U.S. West […]

Oil rebounded to 66 a barrel on Tuesday ahead of a meeting of producer group OPEC to discuss oil output policy amid concern Indias coronavirus crisis could dent a recovery in fuel demand. OPEC and allies will hold a monitoring meeting on Tuesday instead of April 28 as planned earlier. A technical meeting on Monday […]

Oil futures fell Monday, extending last weeks loss as investors continued to monitor rising COVID19 cases in India and other countries ahead of a meeting later this week of the Organization of the Petroleum Exporting Countries and its allies a group known as OPEC. Indias COVID19 nightmare is impacting oil prices and may cause OPEC […]

Oil futures remained under pressure Thursday, falling for a third straight session, with weakness tied in part to a continued surge in COVID19 cases outside the U.S., underlining concerns about energy demand as lockdowns on business and consumer activities are imposed. West Texas Intermediate crude for June delivery was down 36 cents, or 0.6, at 60.99 […]

Oil futures lost ground Monday, with weakness tied in part to concerns over the demand outlook as COVID19 infections outside the U.S. continued to rise. West Texas Intermediate crude for May delivery fell 10 cents, or 0.2, to 63.03 a barrel on the New York Mercantile Exchange. June Brent crude the global benchmark, was off 10 cents, […]

Oil futures were trying for a fifth straight gain Friday but were presently seeing lackluster trade as investors weighed a strong economic report from China against evidence of cases of COVID rising in parts of the world, threatening a fitful recovery from the demandsapping pandemic. The energy markets have so far been buttressed by monthly […]

Oil prices extended gains on Friday and were on course for a weekly gain of about 7 with an improved oil demand outlook and strong economic recoveries in China and the United States offsetting concerns about spikes in COVID19 infections. Brent crude futures rose 30 cents, or 0.5, to 67.24 a barrel at 0551 GMT, […]

Oil futures inched higher on Thursday, on track to score a fourth climb in a row, with prices holding ground at their highest levels since mid March after upbeat monthly oil demand forecasts and a weekly decline in U.S. crude inventories. Demand optimism continues to be a key componentwith recent data out of the U.S. […]