Andres Guerra Luz

Government, Business, Fuel

Oil Jumps Past $45, Dow Eclipses 30,000

Crude oil pipework is seen in an oilfield in Russia. Crude oil pipework is seen in an oilfield in Russia. (Andrey Rudakov/Bloomberg News)

Oil reclaimed heights not seen since the pandemic shocked markets in the spring, with the start of the U.S. presidential transition and improved vaccine prospects infusing optimism across markets.

Andres Guerra Luz | Bloomberg News
November 24, 2020
Business, Fuel

Oil Poised for Weekly Increase on COVID-19 Vaccine Optimism

A pumpjack is silhouetted as it operates in Azerbaijan. Taylor Weidman/Bloomberg News

Oil is poised for a third weekly gain with positive COVID-19 vaccine developments paving the way for a more sustained recovery in oil demand.

Andres Guerra Luz | Bloomberg News
November 20, 2020
Government, Business, Fuel

Oil Clings to Rally on Signs of Coronavirus Vaccine Progress

Oil storage tanks are seen in Louisiana. Luke Sharrett/Bloomberg News

Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build.

Andres Guerra Luz | Bloomberg News
November 18, 2020
Government, Business, Fuel

Oil Poised for Worst Month Since March With Growing Curbs

An aerial view of workers operating a derrick in Russia. An aerial view of workers operating a derrick in Russia.(Bloomberg News)

Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.

Andres Guerra Luz | Bloomberg News
October 30, 2020
Government, Business, Fuel

Oil Drops With Rising US Supplies Adding to Stimulus Concern

A pump jack operates in Kansas on Sept. 25. A pump jack operates in Kansas on Sept. 25. (Angus Mordant/Bloomberg News)

Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.

Andres Guerra Luz | Bloomberg News
October 7, 2020
Government, Business, Fuel

Oil Falls on Growing Chorus of Warnings About Demand Recovery

A pump jack operates near Stratford, Texas, on Sept. 26. A pump jack operates near Stratford, Texas, on Sept. 26. (Angus Mordant/Bloomberg News)

Oil in New York plunged below a key technical level for the first time since June as concerns over progress on another round of U.S. fiscal stimulus compounded growing fears that a sustained recovery in demand is still some way off.

Andres Guerra Luz | Bloomberg News
September 29, 2020
Government, Business, Fuel

Oil Sinks With Equities on Wavering Hopes for Demand Pickup

An oil pumping jack operates in Russia. (Andrey Rudakov/Bloomberg News)

Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.

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

Gasoline Rises to Five-Month High on US Gulf Hurricane Threat

Gasoline futures set a five-month high in anticipation of Hurricane Laura. (Andrey Rudakov/Bloomberg News)

Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home to the nation’s greatest concentration of refining capacity.

Andres Guerra Luz | Bloomberg News
August 25, 2020
Government, Business, Fuel

Oil Set for Weekly Drop in Wake of Sluggish Global Economies

Oil pumping jacks operate in a Russian oilfield on Aug. 16. Oil pumping jacks operate in a Russian oilfield on Aug. 16. (Andrey Rudakov/Bloomberg News)

Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.

Andres Guerra Luz | Bloomberg News
August 21, 2020
Business, Fuel

Oil Set to Eke Out Weekly Gain With Virus Fears Capping Prices

Oil storage tanks are seen in Port Fourchon, La. Oil storage tanks are seen in Port Fourchon, La. (Luke Sharrett/Bloomberg News)

Oil is poised to post a second straight weekly gain, buoyed by an improving global economic picture and rising U.S. gasoline demand.

Andres Guerra Luz | Bloomberg News
August 14, 2020

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