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Commodities News
Oil prices slip as COVID-19 case surge dents fuel demand hopes
By Sonali PaulMELBOURNE (Reuters) - Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a…
Oil rises after surprise drop in U.S. inventories offsets demand concerns
TOKYO (Reuters) - Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States decreased against…
Oil slips as rising coronavirus cases, U.S.-China tensions weigh on markets
By Florence TanSINGAPORE (Reuters) - Oil prices edged down on Monday as rising coronavirus cases and tensions between the United States…
Bounceback in U.S. shale oil output is unlikely to last the summer
By Jennifer Hiller and Devika Krishna KumarHOUSTON/NEW YORK (Reuters) - A reopening of some major economies locked down due to the…
Oil prices slip after OPEC, allies agree to loosen oil supply curbs
By Yuka ObayashiTOKYO (Reuters) - Oil prices slid on Thursday after OPEC and allies such as Russia agreed to ease record supply curbs…
Oil prices inch higher on output cut support, but U.S. coronavirus spike caps gains
By Sonali PaulMELBOURNE (Reuters) - Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts,…
Oil falls in second straight session as virus cools demand
By Florence TanSINGAPORE (Reuters) - Oil prices fell for a second straight session on Monday as coronavirus cases rose in the United…
Oil prices fall on demand concerns as coronavirus cases rise
By Sonali PaulMELBOURNE (Reuters) - Oil prices fell around 2% on Thursday as a spike in new coronavirus cases in China and the United…
Oil drops after U.S. inventory build renews oversupply concerns
TOKYO (Reuters) - Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States,…
Oil climbs over 2% after OPEC+ extends output cuts to end-July
By Florence TanSINGAPORE (Reuters) - Oil prices rose more than 2% early on Monday to their highest in three months after OPEC and its…