On October 27, 2020, oil prices rose after steep losses were recorded earlier. However, the market sentiment remains silent as increasing cases of COVID-19 throughout the world hurt the near-term ...
Oil prices surged as strong European manufacturing data assisted in offsetting demand worries as a second COVID-19 wave spread across the entire continent. In New York, the crude futures traded ...
China has played an integral role in the support of global oil demand recovery in recent months. The country imported its highest-on-record crude volumes since May. Data obtained from customs ...
Oil prices plunged for a second session on October 12, 2020, as the U.S. producers started restoring output after Hurricane Delta weakened. Also, a strike that had affected production in ...
Oil prices rose slightly on October 8 as oil workers evacuated most of the rigs in the Gulf of Mexico as Hurricane Delta approaches. However, fuel demand worries insisted on ...
Oil prices have gained on October 6 as fears increased that refineries might be hit by a storm that is brewing in the Gulf of Mexico. Buyers also drew some ...
On September 18, 2020, oil prices rose for a fourth consecutive day. The surge put crude on track for a weekly gain of around 10%; after Saudi Arabia pressed allies ...
It has been 60 years since the OPEC was formed. Over the years, oil prices have been rising and falling to suit various market conditions. However, 2020 has been a ...
2020 has mainly been affected by the coronavirus pandemic that has shattered every sector of the global economy. But, the year of the pandemic has put two commodities under the ...
Most of the major movers in commodities in 2020, including precious metals like gold and oil, are expected to continue taking the spotlight until the close of this year. Traders ...
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