Sharon Cho and Grant Smith

Government, Business, Fuel

Oil Set for Biggest Weekly Loss Since July as Mideast Risk Eases

Protesters in Tehran Protesters demonstrate over the U.S. airstrike in Iraq that killed Iranian Revolutionary Guard Gen. Qassem Soleimani in Tehran, Iran, on Jan. 3. (Ali Mohammadi/Bloomberg)

Oil is headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying fears of disruption to Middle East energy supplies.

Sharon Cho and Grant Smith | Bloomberg News
January 10, 2020
Government, Business, Fuel

Oil Rally Cools as Iranian Strike Causes No US Casualties

Ain al-Asad air base Ain al-Asad air base in Iraq, shown in 2017. (Khalid Mohammed/AP)

Oil’s rally faded as the U.S. said Iranian airstrikes on military bases in Iraq didn’t cause any casualties, reinforcing speculation that Tehran is opting for limited retaliation over the killing of a top general.

Sharon Cho and Grant Smith | Bloomberg News
January 8, 2020
Government, Business, Fuel

Oil Reaches Three-Month High Above $60 on US-China Trade Pact

a pumpjack near Midland, Texas Callaghan O'Hare/Bloomberg

Oil rose above $60 a barrel for the first time in almost three months after the U.S. and China agreed on the text of a partial trade deal, giving a boost to the fragile outlook for global oil demand.

Sharon Cho and Grant Smith | Bloomberg News
December 13, 2019
Government, Business, Fuel

Oil Rises Toward $57 as US and China Plan Talks

Oil Rig Andrey Rudakov/Bloomberg News

Oil rose near $57 a barrel as China said it will resume talks with the U.S. to try and resolve a trade impasse that has weighed on global growth and fuel consumption.

Sharon Cho and Grant Smith | Bloomberg News
September 5, 2019