Andres Guerra Luz

Government, Business, Fuel

Oil Jumps to One-Year High on Depleting Supplies

Tanker trucks sit in front of storage silos in Sunray, Texas Tanker trucks sit in front of storage silos in Sunray, Texas. (Angus Mordant/Bloomberg News)

Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally.

Andres Guerra Luz | Bloomberg News
February 2, 2021
Business, Fuel

Oil Slumps on Dollar Strength, Cooling Consumer Sentiment

Emissions rise from an oil refinery in Norco, La., in June 2020. (Luke Sharrett/Bloomberg News) Emissions rise from a refinery in Norco, La., in June 2020. (Luke Sharrett/Bloomberg News)

Oil slid by the most in three weeks as a stronger dollar and weak U.S. economic data stoked concerns over an economic rebound.

Andres Guerra Luz | Bloomberg News
January 15, 2021
Government, Business, Fuel

Oil Jumps to Highest Mark Since February Amid Stimulus Optimism

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

Oil surged to the highest mark in nearly 10 months in New York alongside a broader market rally as breakthroughs on U.S. stimulus talks combined with the COVID-19 vaccine rollout stoked optimism around a demand revival.

Andres Guerra Luz | Bloomberg News
December 15, 2020
Government, Business, Fuel

Oil Ekes Out Weekly Gain After Retreating From Nine-Month High

Oil Andrey Rudakov/Bloomberg News

Oil just managed a weekly gain as an impasse in Washington over pandemic relief dimmed chances of an imminent boost to demand.

Andres Guerra Luz | Bloomberg News
December 11, 2020
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

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