Stock Market News
Crude Oil - Oil-Sands Explorers Restore Some 20% of Shut-in Crude Production
At least 20% of shut-in Canadian production is being restored, just months after the price crash forced producers in Alberta’s oil sands to slash up to 1 million barrels a day of output.
Oil price rally on hold after API reports rising crude inventories
The American Petroleum Institute (API) estimated on Tuesday a build in crude oil inventories of 2.048 million barrels for the week ending July 3.
Oil broadly stable despite rising virus cases, higher U.S. crude stockpiles
Oil prices were broadly stable on Wednesday, recouping earlier losses after rising U.S. crude stockpile data and an increase in coronavirus infections in the United States cast doubts over a swift ...
Oil Stuck Below $41 With Signs U.S. Crude Stockpiles Swelled
Oil was anchored near $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections.
Oil Glut Concerns and Rising COVID-19 Cases Dampens Crude Oil Bulls
Brent oil futures was up slightly 0.21% to trade at $43.17 by 9.44 GMT ,while the West Texas Intermediate futures gained by 0.02% to $40.63. The American Petroleum Institute (API) earlier released a ...
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