Andres Guerra Luz

Business

Oil Jumps as Lebanon Explosion Signals Geopolitical Instability

Oil Oil in storage in the United States. (Daniel Acker/Bloomberg News)

Oil extended its rally and hit a two-week high after an explosion at Lebanon’s main port rocked the capital Beirut, pointing to geopolitical instability in the region.

Andres Guerra Luz | Bloomberg News
August 4, 2020
Government, Business, Fuel

Oil Rises With Signs of Economic Recovery Buoying Demand

Oil worker A worker in the Permian basin outside of Midland, Texas. (Brittany Sowacke/Bloomberg News)

Oil rose the most in nearly two weeks as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand.

Andres Guerra Luz | Bloomberg News
August 3, 2020
Business, Fuel, Logistics

Oil Pares Monthly Gain With Global Supply Onslaught Looming

Fuel lines sit connected to underground storage tanks in Princeton, Ill., on April 1. Fuel lines sit connected to underground storage tanks at a gas station in Princeton, Ill., on April 1. (Daniel Acker/Bloomberg News)

Oil is set to eke out a monthly gain, yet futures lost steam on July 31 amid threats that the market will soon become oversupplied.

Andres Guerra Luz | Bloomberg News
July 31, 2020
Business, Fuel

Oil Falls With US Stockpile Concerns Amplifying Demand Woes

A pump jack operates outside of Midland, Texas, on April 24. A pump jack operates outside of Midland, Texas, on April 24. (Matthew Busch/Bloomberg News)

Oil declined as investors turned their focus to domestic supply, with expectations for another build in U.S. stockpiles.

Andres Guerra Luz | Bloomberg News
July 28, 2020
Government, Business, Fuel

Oil Slips as Looming OPEC Supply Surge Adds to Demand Woes

An oil rig stands in Cromarty, U.K., on June 23. An oil rig stands in Cromarty, U.K., on June 23.(Jason Alden/Bloomberg News)

Oil snapped its two-day rally amid a weaker demand outlook underscored by the OPEC+ alliance’s decision to taper production cuts and U.S. economic data signaling a slowing recovery in the labor market.

Andres Guerra Luz | Bloomberg News
July 16, 2020