Oil Down 3.5% on Week; Demand Concerns Offset Euro Vaccine Progress

© Reuters. By Barani Krishnan Investing.com – Oil prices fell as much as 3.5% on the week as concerns over summer fuel demand offset news that Europe appeared to be finally turning the corner on its Covid-19 vaccine crisis. Germany doubled the number of daily Covid-19 vaccinations, France hit a key immunization milestone a week […]

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Oil prices hold steady as investors weigh rising supplies, demand outlook

© Reuters. Views of Total Grandpuits oil refinery By Florence Tan SINGAPORE (Reuters) -Oil prices were little changed on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic. futures for June edged down 2 cents to $ 63.18 a barrel by 0450 GMT, while U.S. […]

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Oil falls more than 3% as European coronavirus curbs point to demand hit

© Reuters. Views of Total Grandpuits oil refinery By Ahmad Ghaddar LONDON (Reuters) – Oil prices fell more than 3% on Tuesday, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will hold back a recovery in demand, while a stronger dollar also weighed. futures dropped by $ 2.20, or 3.4%, […]

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Oil’s decline continues as inventories rise, demand recovery clouded

© Reuters. Illustration photo of crude oil being dispensed into a bottle TOKYO (Reuters) – Oil prices declined for a fifth consecutive session on Thursday falling around 1% after official data showed a further increase in and fuel inventories, while the ever-present pandemic clouded the prospects for a demand recovery. was down 74 cents, or […]

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Oil Dips for 4th Day as IEA Sees No Supercycle For Demand

© Reuters. By Barani Krishnan and Liz Moyer Investing.com – Oil prices settled lower on Wednesday for a fourth straight day after the International Energy Agency said it will take another two years at least for global demand to return to pre-pandemic levels. The U.S. Energy Information Administration, meanwhile, reported a fourth straight weekly build in […]

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Oil drops amid rising stockpiles and COVID-19 demand concerns

© Reuters. Views of Total Grandpuits oil refinery By Aaron Sheldrick TOKYO (Reuters) – Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID-19 vaccinations. was down 69 cents, or 1%, […]

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BHP sees strong China demand, declares dividend bonanza

© Reuters. FILE PHOTO: A tonne of nickel powder made by BHP Group sits in a warehouse at its Nickel West division, south of Perth MELBOURNE (Reuters) – BHP Group (NYSE:) on Tuesday reported its best first-half profit in seven years and declared a record interim dividend, as top metals user China’s strong appetite for […]

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