Chinese Oil Demand Is Almost Back to Pre-Virus Crisis Levels
Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the country’s energy industry.
May 18, 2020Oil Trades Near Six-Week High on Supply Cuts, Demand Recovery
Oil was near the highest in six weeks as major producers slash supply, and there are increasing signs that demand is recovering.
Oil Jumps to Five-Week High Amid Optimistic Demand Outlook
Oil surged to the highest level since early April on an improving outlook for crude demand, alongside a rally in broader markets.
Oil Shrugs Off First Decline in US Inventories Since January
Oil fell despite the first U.S. stockpile decline since January.
Oil’s Scenario of Exhausted Storage Starts to Fade
While the global oil market remains in a dire situation, it’s starting to look like the nightmare scenario envisioned for the past month might just be averted.
Oil Slips With Glut Concerns, Reversing Saudi Price Hike Boost
Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike.
Oil Jumps After Saudi Arabia Raises Prices to Boost Recovery
Oil surged after Saudi Arabia raised prices for its crude globally.
Oil Slides With Glut Concerns Eclipsing Demand Recovery
Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories.
Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut
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.
Stocks Gain as Oil Extends Rally for Fourth Day
U.S. stocks kicked off the week on a positive note, rallying late in the session to close higher as crude oil gained for a fourth consecutive day.