Olivia Raimonde

Government, Business, Fuel

Oil Slips With Glut Concerns, Reversing Saudi Price Hike Boost

Oil tankers are seen anchored in the Pacific Ocean near Long Beach, Calif., on May 1. Oil tankers are seen anchored in the Pacific Ocean near Long Beach, Calif., on May 1. (Patrick T. Fallon/Bloomberg News)

Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike.

Olivia Raimonde | Bloomberg News
May 7, 2020
Business, Fuel

Oil Slides With Glut Concerns Eclipsing Demand Recovery

Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories. (Andrey Rudakov/Bloomberg News)

Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories.

Olivia Raimonde | Bloomberg News
May 6, 2020
Government, Business, Fuel

Oil Climbs on Biggest Jump in US Gasoline Demand in 11 Months

A cyclist wearing a face mask rides past oil storage silos in Belgrade, Serbia, on April 28. A cyclist wearing a face mask rides past oil storage silos in Belgrade, Serbia, on April 28. (Oliver Bunic/Bloomberg News)

Oil rallied on optimism that consumption could gradually return as major producers continue to cut output to counter a global glut.

Olivia Raimonde | Bloomberg News
April 29, 2020
Business, Fuel

Oil Swings After Major Index Bails Out of June Contract

The silhouette of an electric oil pump jack is seen near a flare in the oil fields surrounding Midland, Texas. The silhouette of an electric oil pump jack is seen near a flare in the oil fields surrounding Midland, Texas. (Luke Sharrett/Bloomberg News)

Oil resumed losses after a brief bounce higher amid the aftershocks of a major index tracked by billions of dollars in funds exiting near-term contracts for fear prices may turn negative again.

Olivia Raimonde | Bloomberg News
April 28, 2020