Tag Archives: Raw oil

Stocks approach record high, oil slides on demand outlook

[ad_1] TOKYO (Reuters) – Asian equities halted near record highs on Friday as investors weighed renewed doubts about a highly anticipated coronavirus vaccine against hopes that some of the region’s economies will recover faster than their Western peers. FILE PHOTO: The DAX chart of the German stock price index is …

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International oil market: oil price increases decline despite unexpected drop in US crude oil inventories – Reuters

[ad_1] International oil market: Oil price increases decline despite unexpected drop in U.S. crude oil inventoriesReuters “Breakthrough” Oil Price: Vaccines, Epidemics, OPEC, Electric Vehicles to Understand Why Oil Prices Have EruptedSina Burundi oil is approaching $ 50, oil prices rise to highs in more than 8 monthsSin Chew Daily Rising …

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Bank Of America sees $ 60 oil next summer

[ad_1] Brent crude could hit $ 60 a barrel by next summer as travel restrictions ease, Bank of America said, citing growing optimism about Covid-19 vaccines. The easing of restrictions will lead to increased demand for oil, the bank said, as quoted by Bloomberg, and this will drive prices up …

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Because the cow oil rally won’t last

[ad_1] Oil is on the rise after a third company developing a Covid-19 vaccine announced positive efficacy results this week. They may continue to rise for a while, but it would be helpful to be wary of betting on an endless rally. Yesterday, after AstraZeneca said its vaccine candidate was …

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The oil price rally comes to a halt on a major crude build

[ad_1] The American Petroleum Institute (API) reported on Tuesday an accumulation of crude oil inventories of 3.8 million barrels for the week ending November 20. Analysts had expected an inventory build of just 127,000 barrels, and for the short price due to the favorable news about the covid-10 vaccine in …

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Oil up, stocks hit records as US political uncertainty eases

[ad_2][ad_1] NEW YORK (Reuters) – Shares closed at record highs on Tuesday, while bitcoin and oil prices also rose as political uncertainty eased after US President-elect Joe Biden got formal green light to begin his transition to the White House. Unless he spelled out his defeat after repeated false claims …

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Oil up, stocks hit records as US political uncertainty eases

[ad_2][ad_1] NEW YORK (Reuters) – Shares closed at record highs on Tuesday, while bitcoin and oil prices also rose as political uncertainty eased after US President-elect Joe Biden got formal green light to begin his transition to the White House. Unless he spelled out his defeat after repeated false claims …

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Oil up, stocks hit records as US political uncertainty eases

[ad_2][ad_1] NEW YORK (Reuters) – Shares closed at record highs on Tuesday, while bitcoin and oil prices also rose as political uncertainty eased after US President-elect Joe Biden got formal green light to begin his transition to the White House. Unless he spelled out his defeat after repeated false claims …

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