Jackie Davalos

Government, Business

Oil Clinches Gain After OPEC+ Committee Recommends Supply Cut

Workers on an oil platform Ali Mohammadi/Bloomberg News

Oil advanced for a second day after an OPEC+ committee recommended a larger supply cut to offset lost demand from the spread of the coronavirus.

Jackie Davalos | Bloomberg News
March 3, 2020
Government, Business, Fuel

Oil Plummets in Worst Week Since 2008 Amid Coronavirus Panic

Persian Gulf oil platform Gas flares burn from pipes aboard an offshore oil platform in the Salman Oil Field near Lavan island, Iran. (Ali Mohammadi/Bloomberg)

Oil plunged to the lowest level in 14 months as panic from the fast-spreading coronavirus spiraled global markets deeper into losses for the seventh straight day.

Jackie Davalos | Bloomberg News
February 28, 2020
Government, Business, Fuel

Oil Dives After CDC Warns of Potential Virus Outbreak in US

Oil prices graphic

Oil deepened a three-day rout as panic over a coronavirus outbreak in the U.S. gripped investors and sent shockwaves through commodity, equity and debt markets.

Jackie Davalos | Bloomberg News
February 25, 2020
Government, Business, Fuel

Oil Stalls After Rosneft Sanctions Offset Virus-Led Demand Fears

A pump jack in Loving County, Texas, in December 2018. A pump jack in Loving County, Texas, in December 2018. (Angus Mordant/Bloomberg News)

Oil ended the session Feb. 18 flat after U.S. sanctions on Russia’s largest oil producer helped to erase losses driven by lingering concerns that coronavirus will cut demand.

Jackie Davalos | Bloomberg News
February 18, 2020
Business, Fuel

Oil’s Drop to Eight-Week Low Tempered by WHO Decision, Stock Draw

Oil's drop was tempered by WHO's decision not to declare China's coronavirus outbreak a global health emergency. Oil's drop was tempered by WHO's decision not to declare China's coronavirus outbreak a global health emergency. (Callaghan O'Hare/Bloomberg News)

Though oil slid to an eight-week low, the drop was tempered by an unexpected decline in U.S. crude inventories and as the World Health Organization opted against declaring the virus a global health emergency.

Jackie Davalos | Bloomberg News
January 24, 2020