Oil Ends Down 4% as Euro Covid Worry Offsets Suez Jam

© Reuters. By Barani Krishnan  Investing.com — The volatility in oil isn’t going away as growing worries over Europe’s third wave of COVID-19 overwhelmed risks to the global crude trade from a tanker jam on the Suez Canal. Crude prices settled down 4%, resuming their slide after Wednesday’s 6% leap recouped almost all what the […]

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Oil Climbs as Draw in U.S. Crude Supplies Offsets Demand Worries

© Reuters. By Yasin Ebrahim Investing.com – WTI crude oil prices climbed Wednesday as a larger-than-expected draw in weekly U.S. crude supplies and products overshadowed investor worries over the fragile recovery in crude demand. On the New York Mercantile Exchange rose 2.6% to settle at $ 42.70 a barrel, while on London’s Intercontinental Exchange (NYSE:), […]

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