Page 90 - Crude Oil Price

Oil down 3% after Donald Trump gets coronavirus and economies wobble

Brent crude slipped on the Trump news and was down $2.05, or 5.01%, at $38.88 a barrel by 1324 GMT. US oil was down $2.01, or 5.19%, at $36.71

Asian shares shed gains, oil sinks after Trump tests positive for virus

US stock futures and Asian shares fell Friday after President Donald Trump said he and first lady Melania Trump had tested positive for the new coronavirus. The future contracts for both the S&P 500 and the Dow industrials lost 1.9 per cent. Oil prices also slipped. Trump tweeted news of his test results just hours after the White House announced that senior aide Hope Hicks had come down with the virus after travelling with the president several times this week. To say this potentially could be a big deal is an understatement, Rabobank said in a commentary. Anyway, everything now takes a backseat to the latest incredible twist in this US election campaign. Trading in Asia was thin, with markets in Shanghai and Hong Kong closed. The Nikkei 225 index shed strong early gains, losing 0.8 per cent to 22,999.75 after the Tokyo Stock Exchange resumed trading following an all day outage due to a technical failure. Reports that the Japanese government is preparing new stimulus measures t

Oil prices drop 3% on weak demand outlook and higher OPEC supplies

Brent crude futures fell $1.37, or 3.2%, to settle at $40.93 a barrel after dropping to a low of $39.92

Crude oil prices hold steady on hopes for US stimulus agreement

U.S. West Texas Intermediate (WTI) crude futures slipped 1 cent to $40.21 a barrel at 0146 GMT, after jumping 2.4% on Wednesday

Oil gains 1% on economic hope; coronavirus fears check price gains

Brent crude settled at $42.43 a barrel, up 51 cents, or 1.22%

Oil market: Muddle of contradictions as traders size up prospects for 2020

As prices stick to a narrow range near $40 a barrel, some of the biggest commodity houses, including Vitol Group, Trafigura Group, and Mercuria Energy Group, have diverging views about what's next

Crude steady as rising European Covid-19 cases offset US oil stock draw

Brent futures settled 17 cents, or 0.4%, higher at $41.94 a barrel, while US WTI crude gained 38 cents, or 1.0%, to end at $40.31

Oil prices rise over 1% after US crude, fuel stockpiles draw down

Brent crude rose 53 cents, or 1.3%, to $42.25 a barrel by 10:54 a.m. EDT (1454 GMT). US West Texas Intermediate crude gained 55 cents, or 1.4%, to $40.35 a barrel

Barclays raises oil price outlook, expects limited downside to demand view

The bank raised its 2020 Brent and U.S. West Texas Intermediate (WTI) price forecasts by $2 to $43 per barrel and $39, respectively

Oil steady as demand worries revive, crews return to US Gulf rigs

rent crude futures gained 5 cents, or 0.1%, to $42.27 a barrel, after climbing 4.2% on Wednesday

BP says era of oil-demand growth over, may not return to pre-Covid levels

The UK giant is describing a different future, where oil's supremacy is challenged, and ultimately fades

Oil prices decline on high inventories, weak US stock markets

The three main US stock indexes were headed for a second-straight weekly decline as recent economic indicators suggest a long and difficult recovery from the pandemic

Oil prices fall as growing US stockpiles signal bumpy demand recovery

US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.63%, to $37.81 a barrel at 0417 GMT, after climbing 3.5% on Wednesday

Oil-related stocks in focus as crude oil prices tumble; ONGC declines 4%

Oil futures fell sharply on Tuesday, with Brent tumbling below $40 a barrel for the first time since June.

Global Markets: Tech rout roils Asian shares, oil futures extend slump

MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.12%. Australian stocks dropped 2.24%, while shares in China fell 1.16%

Brent crude tumbles below $40 in wake of faltering demand outlook

A stall in Asia's recovery, the end of the US summer driving season and increased supply from the OPEC+ alliance signal a bleak short-term outlook for oil prices

Oil prices fall as fuel demand concerns grow after end of US driving season

US West Texas Intermediate crude futures fell 76 cents, or 1.9%, to $39.01 per barrel at 0433 GMT, playing catch-up with a drop in Brent prices overnight

Oil price falls after Saudi cuts rates amid demand uncertainty

West Texas Intermediate US crude skidded 59 cents, or 1.5 per cent, to $39.18 per barrel after hitting $38.55, its lowest since July 10

Oil drops more than $1 after Saudi price cuts, demand optimism fades

Brent crude was at $41.75 a barrel, down 91 cents or 2.1% by 0000 GMT, after it earlier slid to $41.51, its lowest since July 30

Oil falls 1% on lacklustre demand, set for biggest weekly drop since June

Brent crude fell 44 cents to $43.63 a barrel by 0325 GMT, while U.S. West Texas Intermediate was at $40.94 a barrel, down 43 cents and set for its first weekly drop in five weeks.