brent

Government, Business, Fuel

Oil Extends Weekly Gain; Brent Pushes Toward $60 a Barrel

An oil pumping jack in Russia An oil pumping jack in Russia. (Andrey Rudakov/Bloomberg News)

Oil set a fresh one-year high in New York with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve.

February 5, 2021
Government, Business, Fuel

Oil Jumps to One-Year High on Depleting Supplies

Tanker trucks sit in front of storage silos in Sunray, Texas Tanker trucks sit in front of storage silos in Sunray, Texas. (Angus Mordant/Bloomberg News)

Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally.

Andres Guerra Luz | Bloomberg News
February 2, 2021
Business, Fuel

Oil Retreats on Speculation Global Supply Glut to Endure

Oil dropped a third day in London May 11 amid speculation that a global oversupply will persist.

May 11, 2015