Saket Sundria and Alex Longley

Business, Fuel

Oil Dips Below $52 With Dollar Rising as Rally Takes Breather

The Royal Vopak NV oil storage terminal sits in Rotterdam, Netherlands, in December 2020. The Royal Vopak NV oil storage terminal sits in Rotterdam, Netherlands, in December 2020. (Peter Boer/Bloomberg News)

Oil fell as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months.

January 11, 2021
Business, Fuel

Oil Advances to Eight-Month High on Demand Optimism

Fuel storage tanks stand in California on April 23. (David Paul Morris/Bloomberg News) Fuel storage tanks stand in California on April 23. (David Paul Morris/Bloomberg News)

Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a COVID-19 vaccine will lead to a swift recovery in global energy demand next year.

November 25, 2020
Business, Fuel

Oil Rises on Signs US Crude Stockpiles Fell for a Sixth Week

Signage is displayed outside an oil refinery in Kentucky. Signage is displayed outside an oil refinery in Kentucky on July 28. (Luke Sharrett/Bloomberg News)

Oil rose on signs a glut was easing with U.S. crude stockpiles shrinking for a sixth week.

September 2, 2020
Business

Oil Erases Gains With Saudis Ending Extra Output Cuts

Oil The sulphuric acid regeneration facility (right) sits illuminated by lights during evening operations at the Bashneft-Ufaneftekhim oil refinery, operated by Bashneft PAO, in Ufa, Russia. (Andrey Rudakov/Bloomberg News)

Oil fell after Saudi Arabia said it wouldn’t continue its additional, deeper output curbs after June.

June 8, 2020
Government, Business, Fuel

Oil Trades Near Six-Week High on Supply Cuts, Demand Recovery

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

Oil was near the highest in six weeks as major producers slash supply, and there are increasing signs that demand is recovering.

May 15, 2020
Government, Business, Fuel

Oil Extends Gain Near Three-Month High as US Stockpiles Shrink

Fuel An oil refinery stands in West Texas. (Eddie Seal/Bloomberg News)

Oil rose for a fifth session, the longest run of gains since July, as a bigger-than-forecast decline in U.S. crude stockpiles eased oversupply concerns.

December 30, 2019