Hailey Waller and Alex Longley

Business, Fuel

Oil Hovers Near $40 With Investors Weighing Virus Against Demand

Emissions rise from an oil refinery in Louisiana on June 12. Emissions rise from an oil refinery in Louisiana on June 12. (Luke Sharrett/Bloomberg News)

Oil hovered near $40 a barrel in New York as investors weighed a resurgence in the coronavirus against signs of rebounding demand.

June 22, 2020
Business, Fuel

Oil Set for First Weekly Drop Since April on Second-Wave Fears

Oil storage tanks stand in Japan in April. Oil storage tanks stand in Japan in April. (Toru Hanai/Bloomberg News)

Oil is heading for its first weekly loss since April, when prices collapsed below zero.

June 12, 2020