Olivia Raimonde and Alex Longley

Business, Fuel

Oil Declines From 11-Week High

Oil pumping jacks operate in a Russian oilfield on March 11. Oil pumping jacks operate in a Russian oilfield on March 11. (Andrey Rudakov/Bloomberg News)

Russia’s lack of support for continuing global production curbs in July punctured oil’s rally to a nearly three-month high and raised questions about OPEC+’s ability to drain a massive supply glut.

May 27, 2020
Business, Fuel

Oil Rallies With Producers Showing Confidence by Hiking Prices

Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22. Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22. (Tim Rue/Bloomberg News)

Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.

May 26, 2020
Business, Fuel

Oil Falls Despite Signs of Tightening Market, Demand Recovery

Crude oil tankers are seen off the coast of the U.K. on May 15. Crude oil tankers are seen off the coast of the U.K. on May 15. (Chris Ratcliffe/Bloomberg News)

Oil prices fell even as supply curbs tightened the market and demand rebounded with the reopening of major economies.

May 19, 2020
Government, Business, Fuel

Oil Jumps to Five-Week High Amid Optimistic Demand Outlook

Pipelines run near oil storage tanks in Cushing, Okla. Pipelines run near oil storage tanks in Cushing, Okla. (Daniel Acker/Bloomberg News)

Oil surged to the highest level since early April on an improving outlook for crude demand, alongside a rally in broader markets.

May 14, 2020
Government, Business, Fuel

Oil Shrugs Off First Decline in US Inventories Since January

Crude oil storage tanks stand outside Midland, Texas, on April 24. Crude oil storage tanks stand outside Midland, Texas, on April 24. (Matthew Busch/Bloomberg News)

Oil fell despite the first U.S. stockpile decline since January.

May 13, 2020
Government, Business, Fuel

Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

An oil tanker is seen anchored in the Pacific Ocean above Long Beach, Calif., on May 1. An oil tanker is seen anchored in the Pacific Ocean above Long Beach, Calif., on May 1. (Patrick T. Fallon/Bloomberg News)

Oil’s recovery from last month’s epic plunge accelerated as production cuts start to whittle down a supply glut and more economies ease their coronavirus lockdowns.

May 5, 2020
Business, Fuel

Oil Buoyed on Production Cuts; Market Still Not Balanced

Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22. Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22. (Tim Rue/Bloomberg News)

Oil is set to edge lower for the week after recovering from a dramatic collapse April 20 that saw prices in New York plunge below zero for the first time in history.

April 24, 2020