crude

Riyadh makes deepest monthly price cuts to supply for Asia in five months

Head for biggest weekly drop since June on demand concerns

Sluggish economic recovery from Covid-19 pandemic dent sentiments

US crude stocks fall by 6.4m barrels, manufacturing activity expands

US dollar falls to lowest level in over two years against basket of currencies

Brent crude set to close August with fifth successive monthly price rise

Prices shrug off US crude inventory declines, improving gasoline demand

Renewed worries about Covid-19 infections threaten further recovery in oil demand

Producers have shut more than 1.5m bpd of Gulf coast offshore oil production

Energy companies shut more than 1m bpd of offshore oil production in US Gulf of Mexico

Euro zone’s economic rebound from its deepest downturn on record stutters

Prices range bound since mid-June with Brent trading between $40-46 per barrel

US economic stimulus nowhere in sight and trade talks with China postponed

Emergence of new coronavirus hot spots places pressure on fuel demand, prices

IEA says reduced air travel will cut global oil consumption by 8.1m bpd

Stalemate in talks for US stimulus package may weigh on crude prices

Signs of recovering Asian oil demand as economies reopen also boost prices

Traders cautious due to US-China tensions, uncertainty over stimulus package

Distillate stockpiles climb to 38-year high, gasoline inventories rise for second week

OPEC+ raising output this month by adding 1.5 million bpd of supply

Positive manufacturing data in Europe, Asia caps losses

Potential hit to demand comes as OPEC+ is set to step up output in August

Demand concerns amid record increases in Covid-19 infections in some US states cap gains

US fiscal package deadlocked in talks between Democrats and Republicans

Brent on track for fourth straight monthly gain; WTI set to rise for third month

China ordered US to close its consulate in Chengdu after US demand Beijing shut its Houston consulate

Analysts predict correction in near term if recovery in fuel demand slows further

Positive news about vaccine trials and EU stimulus deal boost prices

EU leaders showing signs of compromise over carving up €750b recovery fund

Oil producers’ group is to decide whether to extend output cuts or reduce them

Markets keenly awaiting news from OPEC+ about next level of production cuts

Brent set for weekly decline of almost 2%, US crude to fall about 4%

Market in holding pattern ahead of OPEC market monitoring panel meeting

Covid-19 infection cases cross grim milestone of over 3 million in US

Sixteen US states report record increases, other parts hit by resurgence

Both crude benchmarks rose over 2% a day ago, buoyed by strong US job figures

US crude inventories decline far more than analysts expected

US crude, gasoline stocks fall more than expected while distillate inventories rise

Spike in Covid-19 infections in US states can stall demand recovery

Crude, equities under pressure due to rise in coronavirus cases

Rising number of cases in US, China, Latin America and India unnerve investors

Markets were earlier unsettled after White House adviser said deal was over

Growing cases can stall recovery in fuel demand, outweighing tighter supplies

Signs of recovering demand after being hit by corona crisis also lift prices

Both crude benchmarks declined earlier in session after surge in virus cases

Prices draw some support from stimulus measures and positive tests of drug

IEA revises up oil demand forecast to 91.7 million bpd for 2020

Economic data from Beijing fails to live up to expectations

Both benchmarks head for weekly declines of over 8% after six weeks of gains

Crude also weighed down by Fed projection US economy will shrink 6.5% this year