Jessica Summers and Sheela Tobben

Government, Business, Fuel

Oil’s Brief Rally Fades With Supply Risks Countering Stimulus

Gas flares burn from pipes aboard an offshore oil platform. (Ali Mohammadi/Bloomberg News) Gas flares burn from pipes aboard an offshore oil platform. (Ali Mohammadi/Bloomberg News)

A brief rally in crude oil deflated Dec. 28 as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from OPEC+.

December 28, 2020