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11:04 a.m. Sept. 24, 2020 - By Myra P. Saefong
Oil prices end higher, buoyed by signs of tighter supplies Natural-gas futures tally a 2-session gain of nearly 23%Oil futures finish higher on Thursday, supported by signs of tighter U.S. supplies, despite persistent concerns that rising cases of COVID-19 will lead to weaker energy demand.
11:20 a.m. Sept. 23, 2020 - By Myra P. Saefong
Oil futures settle higher, but U.S. prices fall short of reclaiming $40 mark U.S. crude supplies down a second week, but demand concerns remainOil futures gain on Wednesday, but U.S. benchmark prices came up short on reclaiming the $40 mark, as domestic crude supplies declined for a second week in a row, but coronavirus-related lockdowns in Europe fed expectations for weaker energy demand.
11:10 a.m. Sept. 22, 2020 - By Myra P. Saefong
Oil scores partial rebound as traders bet on a second weekly decline in U.S. crude supplies WTI oil futures climb, but hold below $40 a barrelOil settles higher Tuesday, finding support from expectations for a second weekly decline in U.S. crude supplies. Prices recoup a portion of the sharp decline a day earlier when the rise of COVID-19 cases fed a global equity selloff.
12:32 p.m. Sept. 21, 2020 - By Myra P. Saefong
Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff WTI oil futures fall over 4%; natural-gas prices lose over 10%Oil futures drop Monday, sending U.S. prices down by more than 4%, on expectations Libyan crude will soon return to the market, while worries over a rise in European COVID-19 cases and a global equity market selloff added to the negative tone.
11:14 a.m. Sept. 18, 2020 - By Myra P. Saefong
Oil futures log biggest weekly gain since June Natural-gas futures poised for a weekly loss of almost 11%Oil futures split paths for the session on Friday, with U.S. prices up modestly and global prices slightly lower but both benchmarks logging their biggest weekly gain since June after major oil producers pledged their full commitment to output cuts.
11:20 a.m. Sept. 17, 2020 - By Myra P. Saefong
Oil prices finish higher as OPEC+ stresses full compliance with output quotas JMMC recommends extension of output-cut compensation mechanism to the end of the yearOil futures climb on Thursday as the Organization of the Petroleum Exporting Countries and its allies stress the importance of full compliance with output cuts during their monthly meeting.
11:06 a.m. Sept. 14, 2020 - By Myra P. Saefong
Oil ends lower on weak demand outlook, but storm disruptions to Gulf output limit losses Natural-gas futures up almost 2% on hurricane-related output cuts Oil futures end lower on Monday, undercut by continued demand worries as the Organization of the Petroleum Exporting Countries further reduces its outlook for demand growth. A storm in the Gulf of Mexico, however, is disrupting energy output in the region, limiting losses for oil and lifting prices for natural gas.
11:05 a.m. Sept. 10, 2020 - By Myra P. Saefong
Oil prices post a loss as EIA reports first weekly U.S. crude-stock climb in 7 weeks Natural-gas futures lose more than 3% for the sessionOil prices post a loss on Thursday after U.S. government data reveal a weekly climb in U.S. crude inventories, on the heels of six consecutive weeks of declines, raising expectations of an oversupplied market as uncertainty continues to surround the outlook for demand.
11:07 a.m. Sept. 9, 2020 - By Myra P. Saefong
Oil prices finish higher, but concerns remain over outlook for demand EIA supply data delayed to Thursday due to holidayOil futures finish higher Wednesday, with U.S. prices reclaiming less than half of the more than 7% drop suffered in the previous session as worries over the demand outlook limits crude’s upside potential.
11:43 a.m. Aug. 31, 2020 - By Myra P. Saefong
Oil futures end lower for the session; U.S. prices up a fourth month Natural-gas futures post 46% monthly gainOil futures finish with a loss on Monday, though with signs of a recovery in energy demand contributing to a fourth straight monthly gain for U.S. prices.
11:18 a.m. Aug. 27, 2020 - By Myra P. Saefong
U.S. oil prices suffer first loss in 4 sessions as traders bet on quick output recovery from Gulf storm Natural-gas futures log highest finish since NovemberOil futures decline Thursday, putting an end to a three-session streak of gains in U.S. prices, as traders bet on a quick post-hurricane recovery for the energy market in the Gulf of Mexico region.
11:31 a.m. Aug. 18, 2020 - By William Watts
Oil prices struggle for direction as traders await supply data, OPEC+ committee meeting U.S. benchmark ends unchanged The U.S. oil benchmark ends unchanged, looking for direction as attention turns to U.S. supply data and a meeting by an OPEC+ committee monitoring the effect of production cuts by major producers.
11:19 a.m. Aug. 14, 2020 - By Myra P. Saefong
Oil slips on demand worries, but U.S. supply declines help solidify weekly price gainsOil futures finish lower Friday, with pressure attributed in part to downbeat global demand forecasts from major organizations this week, but prices ended the week higher following declines in U.S. supplies.
11:05 a.m. Aug. 12, 2020 - By Myra P. Saefong
Oil prices end at highest since March with U.S. crude supplies down 3 weeks in a row EIA reports weekly fall of 4.5 million barrels for U.S. crude inventoriesOil futures climb to end Wednesday at their highest since early March, as U.S. government data show that domestic crude supplies fell for a third week in a row.
11:34 a.m. Aug. 7, 2020 - By William Watts
Oil lower as U.S.-China tensions mount, but logs weekly gain Natural gas logs 24% weekly gain, strongest since November 2018Oil futures end lower Friday, but book weekly gains, with pressure tied to rising tensions between the U.S. and China after President Donald Trump imposes a sweeping but unspecified ban on dealings with the Chinese owners of consumer apps TikTok and WeChat.
11:16 a.m. July 17, 2020 - By Myra P. Saefong
Oil settles lower, posting modest change for week as rise in coronavirus cases stokes demand worries Brent crude futures end a dime below their week-ago finishOil futures ended lower for Friday’s session, not far from where they settled at a week ago, as the number of COVID-19 cases continues to rise, adding to uncertainty over the outlook for crude demand.
10:55 a.m. July 16, 2020 - By Myra P. Saefong
Oil ends lower as global equities decline, demand uncertainty persistsOil futures end lower Thursday, taking a cue from a decline in global equities after holding their own a day earlier following a decision by the Organization of the Petroleum Exporting Countries and its allies to begin trimming production cuts next month.
11:00 a.m. July 15, 2020 - By Myra P. Saefong
Oil prices at 4-month high as U.S. crude supply posts biggest decline of the year and OPEC+ tapers output cutsOil futures climb on Wednesday to mark their highest settlement in more than four months,buoyed by the biggest weekly decline in U.S. crude supplies so far this year, even as OPEC+ agrees to taper record production cuts starting next month.
11:11 a.m. July 14, 2020 - By Myra P. Saefong
Oil end higher as traders weigh uncertainty over next move for OPEC+ EIA supply data, U.S.-China tensions, rising coronavirus cases also in focusOil futures gave up earlier losses to end higher on Tuesday, as traders weigh uncertainty over the next move for OPEC+ on production levels and a forecast for weekly decline in U.S. supplies. Mounting tensions between the U.S. and China, as well as a continued rise in COVID-19 infections in the U.S. and elsewhere are also in focus.
11:06 a.m. July 13, 2020 - By Myra P. Saefong
Oil prices end lower with OPEC+ seen preparing to ease production curbs Saudi Arabia reportedly pushing for alliance to ease curbs as planned in AugustOil futures end lower on Monday as major oil producing countries are said to consider easing production curbs as global crude demand rebounds from the coronavirus pandemic.
11:15 a.m. July 10, 2020 - By Myra P. Saefong
Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk Libya looks set to add to global crude suppliesOil futures climb on Friday, but U.S. prices finish lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided.
11:23 a.m. July 6, 2020 - By Myra P. Saefong
Brent oil scores a lift from Saudi price rise, China optimism, while rising coronavirus cases pressure U.S. crude Natural-gas futures rally after Berkshire/Dominion dealCrude-oil futures on Monday settle on a mixed note, with the U.S. oil moves pressured by the growth in coronavirus cases, while the international benchmark Brent climbs amid hope for China’s perceived recovery from the pandemic.
11:44 a.m. June 30, 2020 - By Myra P. Saefong
Oil posts hefty quarterly climb, but coronavirus cases, oversupply worries feed year-to-date loss WTI oil ends more than 90% higher for the quarter, but still down nearly 36% year to dateOil futures end lower on Tuesday as persistent concerns about the rising number of cases of COVID-19 and the threat of more oil flowing out of the Middle East more than offset upbeat data suggesting both China’s manufacturing and service sectors are recovering.
11:25 a.m. June 29, 2020 - By Myra P. Saefong
Oil prices end higher as hope for increased demand overshadows coronavirus-induced uncertainty Traders also eye impact of fracking pioneer Chesapeake’s bankruptcyOil futures finish higher Monday, buoyed by some recovery in energy demand, even with that recovery threatened by the possibility of another round of shutdowns as global cases of COVID-19 top 10 million.
11:19 a.m. June 22, 2020 - By Myra P. Saefong
Oil ends higher as long-term demand outlook improves, but rise in global coronavirus cases limits gains WTI, Brent oil futures end at highest in over 3 monthsOil prices ended higher on Monday, marking the expiration of the July contract for U.S. benchmark crude futures, as an improvement in the longer-term outlook prompted one major investment bank to raise its price targets for the commodity. But a rise in cases of COVID-19 is dulling near-term prospects for energy demand, keeping a lid on price gains.
11:13 a.m. June 19, 2020 - By Myra P. Saefong
Oil tallies a nearly 10% weekly gain as OPEC+ tightens reins on output cuts, global demand outlook improves WTI oil logs highest finish since early MarchOil futures settled higher Friday for the day, with U.S. prices up nearly 10% for the week as OPEC members and allies tightened the reins on output cuts and some signs of improvement in the outlook for the global economy brighten the outlook for energy demand.
11:08 a.m. June 18, 2020 - By Myra P. Saefong
Oil prices finish higher as OPEC+ looks to make up for missed output-cut targets OPEC+ compliance to oil output cuts in May was 87%: JMMCCrude-oil prices finish higher on Thursday after major producers at an OPEC-led meeting of the Joint Ministerial Monitoring Committee, or JMMC, stressed the importance of full compliance with pledged production cuts and made moves to ensure that certain countries make up for failing to fully meet their reduction targets last month.
11:20 a.m. June 16, 2020 - By Myra P. Saefong
Oil prices gain more than 3% as IEA report points to record rise in crude appetite next year EIA expected to report a fall of 3.5 million barrels in weekly U.S. crude supplies: S&P Global Platts surveyOil futures finish more than 3% higher on Tuesday as a monthly report from the International Energy Agency forecast a record rise in demand for crude and its byproducts next year, but only after first dropping significantly in the current year.
11:08 a.m. June 15, 2020 - By Myra P. Saefong
Oil settles higher as global production declines outweigh pandemic-related demand concerns BP warns of lasting impact from the pandemicOil futures give up earlier losses to settle higher Monday, buoyed by declines in global crude production even as the potential for a fresh hit to demand climbs on the back of an apparent increase in new cases of coronavirus.
11:16 a.m. June 11, 2020 - By Myra P. Saefong
U.S. oil prices drop over 8% as resurgence in coronavirus cases dulls demand outlook WTI and Brent oil futures settle at lowest since June 1Oil futures drop Thursday, with U.S. prices down more than 8% to post the biggest one-day loss in 6 weeks, as rising U.S. inventories, evidence of climbing cases of coronavirus, and a gloomy economic outlook from the Federal Reserve combine to undermine the recovery from historic lows seen in April.
11:30 a.m. June 9, 2020 - By Myra P. Saefong
Oil prices recover losses to settle higher on bets the market may soon 'find balance’ Prices spent much of the session lower on worry about oversupply from Gulf producers, U.S. productionCrude-oil futures give up earlier losses on Tuesday to finish higher, with expectations for a rebound in energy demand among the reasons for the late day turnaround.
11:42 a.m. June 8, 2020 - By Myra P. Saefong
Oil ends lower as extension of OPEC+ output cuts fail to stem oversupply worries Gulf OPEC producers won’t extend voluntary cuts of 1.18 mln bbls/day: reportCrude-oil futures end lower on Monday as investors focus on the prospect of increased output from some countries, even after OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July.
11:26 a.m. June 5, 2020 - By Myra P. Saefong
Oil prices log over 11% weekly rise, with OPEC+ set to meet Saturday to discuss extension of output cuts Upbeat U.S. jobs report feeds expectations for higher energy demandCrude-oil futures climb sharply on Friday, with prices posting a gain of more than 11% for the week, supported by news that major oil producers will convene Saturday to discuss plans to extend productions cuts.
11:24 a.m. June 4, 2020 - By Myra P. Saefong
Oil futures finish higher as data shows high compliance with OPEC+ output cuts Traders continue to weigh likelihood of OPEC+ production-cut extensionOil futures climb on Thursday, with data showing high oil-producer compliance with output cuts contributing to a third straight climb in U.S. prices, even as questions are raised about the potential for an extension of the cuts beyond their expiration at the end of this month.
11:21 a.m. June 3, 2020 - By Myra P. Saefong
Oil prices finish at highest in 3 months, as traders await next move for OPEC+, digest U.S. supply data Uncertainty surrounds the timing of the OPEC+ meeting and the group’s decision on outputOil futures Wednesday close higher, extending a move around the highest level since early March, as uncertainty over whether a meeting of crude producers will be held this week or next raised doubts about a willingness to substantially extend global production cuts that taper after June.
11:29 a.m. June 2, 2020 - By Myra P. Saefong
Oil futures log 3-month high on bets for an extension of global production cuts EIA report Wednesday expected to show a climb in U.S. crude supplies: S&P Global Platts surveyOil futures climb on Tuesday to log their highest settlement in about three months, supported by reports that major crude producers may agree to extend output cuts that terminate at the end of June to further steady oil prices.
11:12 a.m. May 22, 2020 - By Myra P. Saefong
Oil prices settle lower on fears about China turbulence, but score a weekly gain WTI oil futures gain nearly 13% for the weekOil futures settle lower Friday, with U.S prices breaking the longest winning streak since February 2019 on worries over fresh tensions between the U.S. and China.
11:24 a.m. May 21, 2020 - By Myra P. Saefong
Oil ends at six-week high on tighter supplies, demand prospects So far this month, WTI has climbed 80%, while Brent oil has rallied by nearly 43%Oil futures end higher on Thursday, adding to recent gains that have pushed both the international and the U.S. contracts to around 2 ½ month highs.
11:04 a.m. May 20, 2020 - By Myra P. Saefong
Oil prices finish at 10-week high as domestic crude supplies, Cushing stocks drop EIA reports a 5 million-barrel weekly fall in U.S. crude suppliesOil futures climb on Wednesday to finish at their highest in about 10 weeks on the back of weekly declines in domestic crude supplies and stocks at the Cushing, Okla. storage hub.
11:09 a.m. May 19, 2020 - By Myra P. Saefong
U.S. oil futures settle higher, buoyed by supply cuts, improving demand, as June contract expiresU.S. benchmark oil futures settle higher on Tuesday, getting a lift from global supply cuts and signs of improving demand, following a volatile trading session that ended with the expiration of the June contracts.
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