Jessica Summers and Andrew Marquardt

Business, Fuel

Crude Oil Pares Weekly Decline on Optimism Over Virus Treatment

A silhouetted pumpjack. (Taylor Weidman/Bloomberg News)

Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market.

July 10, 2020
Government, Business, Fuel

Oil’s Rally Falters in US With Summer Demand Looking Bleak

Rail wagons for oil, fuel and liquefied gas cargo stand at a station in Russia on April 27. Rail wagons for oil, fuel and liquefied gas cargo stand at a station in Russia on April 27. (Andrey Rudakov/Bloomberg News)

U.S. crude futures reversed course with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery.

July 6, 2020