June 8, 2021
“Oil prices have rebounded even faster than most oil bulls had expected, and on Monday, oil futures briefly crossed a key threshold. West Texas Intermediate futures, the benchmark for U.S. oil, rose above $70 a barrel late on Sunday, the first… Continue Reading…
January 5, 2021
“U.S. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $50 on Tuesday for the first time since February. The move higher marks a steady comeback for oil prices after the coronavirus pandemic and subsequent demand loss sent futures… Continue Reading…
September 14, 2020
“Citigroup Inc. has a message to cheer up despairing oil bulls: prices will get back to $60 a barrel before the end of 2021… It will take until late 2021 for global oil consumption to return to the 2019 level… Continue Reading…
September 8, 2020
“Crude in London tumbled below $40 a barrel for the first time since late June in the wake of faltering demand and weaker equities dampening market sentiment. Brent futures tumbled as much as 5.3% to $39.77 a barrel on Tuesday.… Continue Reading…
April 27, 2020
“June West Texas Intermediate crude CLM20, -26.62%, the U.S. benchmark, lost $4.20, or 25%, to trade at $12.69 a barrel, following a 32.3% decline for the week—its biggest such decline on record—for the commodity and a landmark plunge in the now-defunct May contract,… Continue Reading…
April 23, 2020
“The formerly unthinkable drop in oil prices below $0 a barrel on Monday is still reverberating through financial markets, as supply overwhelms demand destroyed by the coronavirus pandemic, forcing some energy companies into possible bankruptcy as storage reaches maximum capacity.… Continue Reading…
April 20, 2020
“Stock fell Monday, tracking declines in oil prices as concerns over weak energy demand in an oversupplied market built up even further. The May contract for U.S. West Texas intermediate crude oil (CL=F), which expires on Tuesday, dropped 40.78% to… Continue Reading…
July 16, 2019
“U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats. A government report on Friday showed U.S. production grew 2.1% in April to 12.16 million barrels a… Continue Reading…
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