Oil Rises on Catch-up Buying Despite Ongoing Covid Concerns

© Reuters. By Barani Krishnan Investing.com – Oil prices rose as bulls in the market tried to reignite the rally in crude by focusing on signs that fuel demand may be improving despite concerns of a second wave of coronavirus infections. Oil producers who cheated on output cuts initially pledged to the OPEC+ alliance also […]

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Oil dips as ongoing glut outweighs strong start to summer driving

© Reuters. An oil pump is seen operating in the Permian Basin near Midland By Henning Gloystein SINGAPORE (Reuters) – A run by U.S. oil prices toward $ 50 a barrel ran out of steam on Tuesday as persistent concerns of oversupply outweighed signs of a strong start to the American summer driving season. U.S. […]

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