Sharon Cho and Alex Longley

Business, Fuel

Oil Marks Anniversary of Crash Below Zero With Rise Toward $64

Oil Rig Oil rigs and a pump jack in Midland, Texas. (Tony Gutierrez/Associated Press)

Oil rose toward $64 a barrel, a year to the day after futures for the U.S. benchmark collapsed below zero, with the world’s most important commodity extending its rally on bets for better demand.

Sharon Cho and Alex Longley | Bloomberg News
April 20, 2021
Government, Business, Fuel

Oil Slips From Nine-Month High With Markets in Risk-Off Mode

Oil Crude oil storage in Texas. (Matthew Busch/Bloomberg News)

Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets.

Sharon Cho and Alex Longley | Bloomberg News
December 7, 2020
Business, Fuel

Oil Plunges Back Below $12 With ETF Sell-Off Adding to Pressure

A chemical and oil product tanker sits at the Port of Rotterdam on April 21. A chemical and oil product tanker sits at the Port of Rotterdam on April 21. (Yuriko Nakao/Bloomberg News)

Oil slumped below $12 a barrel as the biggest oil ETF said it will sell out of its June WTI futures position, adding to the downward pressure from a huge glut.

Sharon Cho and Alex Longley | Bloomberg News
April 27, 2020
Business, Fuel

Oil Traders May Find Profit at Sea Again as Prices Sink

Bloomberg News

As crude prices continue to get dragged down by a global glut that shows no signs of abating, oil traders may find some profit by going to sea.

Serene Cheong | Bloomberg News
Sharon Cho and Alex Longley | Bloomberg News
November 2, 2016