Andres Guerra Luz and Grant Smith

Government, Business, Fuel

Oil Slips With Renewed Virus Restrictions Sapping Rebound

Oil storage tanks stand in Cushing, Okla. Oil storage tanks stand in Cushing, Okla. (Daniel Acker/Bloomberg News)

Oil slipped as nations reimposed tighter lockdown restrictions in hopes of containing a resurgent pandemic that is depressing demand.

October 20, 2020
Business, Fuel

Oil Surges With High Hopes Ahead of Federal Reserve Meeting

A valve wheel sits attached to crude oil pipework in a Russian oilfield on Aug. 16. A valve wheel sits attached to crude oil pipework in a Russian oilfield on Aug. 16. (Andrey Rudakov/Bloomberg News)

Oil extended gains above $40 a barrel in New York as shrinking crude stockpiles and speculation that the Federal Reserve will keep interest rates low raised hopes that an economy ravaged by the pandemic may be on the mend.

September 16, 2020