Andres Guerra Luz and Alex Longley

Government, Business, Fuel

Oil Extends Weekly Gain; Brent Pushes Toward $60 a Barrel

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

Oil set a fresh one-year high in New York with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve.

February 5, 2021
Business, Fuel

Oil Slips With Global Viral Resurgence Highlighting Demand Risks

An oil pumping jack operates in an oilfield in Russia in November 2020. An oil pumping jack operates in an oilfield in Russia in November 2020. (Andrey Rudakov/Bloomberg News)

Oil ended a choppy session lower with worsening global coronavirus outbreaks accentuating concerns over a demand rebound.

January 21, 2021
Government, Business, Fuel

Oil Dips in Wake of Renewed Concerns Over Virus Surge

Pipework and towers at an oil refinery in Poland. Pipework and towers at an oil refinery in Poland. (Bloomberg News)

Oil fell amid growing concerns that another wave of the coronavirus pandemic will lead to tighter lockdown measures and further stifle crude demand.

September 25, 2020