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Articles for Oil and Gas

Oil Falls As COVID-19 Spike Stokes Fuel Demand Fears; Still Set For Big Weekly Gain

US West Texas Intermediate (WTI) crude futures dropped 40 cents, or 1.0%, to $40.72 a barrel by 0118 GMT, having lost 0.8% on Thursday. Brent crude was down 36 cents, or 0.8%, at $43.17 a barrel, after dropping 0.6% on Thursday.

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India's Fuel Demand Rose 2.1 % In October

Consumption of fuel, a proxy for oil demand, totalled 17.78 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

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Global Oil Demand Unlikely To Get Vaccine Boost Until Later In 2021, Says IEA

Brent crude fell 0.8% to $43.46 a barrel in early London trade, snapping three straight days of gains.

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Oil Falls As Renewed Lockdowns Counter COVID-19 Vaccine Hopes

U.S. West Texas Intermediate (WTI) crude futures fell 55 cents, or almost 1.4%, to $39.74 a barrel by 0545 GMT, while Brent crude futures fell 44 cents, or 1%, to $41.96.

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Oil Falls As Near-Term Demand Worries Overshadow COVID-19 Vaccine Relief

OPEC+ agreed to cut supply by 7.7 million barrels per day from August through December and then ease the cut to 5.7 million bpd from January.

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Brent Crude Tops $40 As Biden's Win Buoys Risk-Taking

Brent crude had climbed 91 cents, or 2.3%, to $40.36 a barrel by 0946 GMT, while U.S. West Texas Intermediate crude was at $38.04, up 90 cents, or 2.4%.

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Oil Slumps As COVID-19 Infections Surge, US Vote-Count Drags On

West Texas Intermediate was down $1.06, or 2.7%, at $37.73 a barrel at 0538 GMT, after dropping 0.9% on Thursday. Brent crude was off $1.05, or 2.6%, at $39.88, having fallen 0.7% in the previous session.

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Oil Down Nearly 2% Amid COVID-19, US Election Concerns

Brent crude was off 72 cents, or 1.8%, at $40.21, having fallen 0.7% in the previous session. Still, the contracts are heading for their first weekly gain in four.

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Oil Drops As US Election Uncertainty Dominates Markets

Brent crude fell 33 cents, or 0.8%, to $40.90 a barrel by 0927 GMT and U.S. West Texas Intermediate (WTI) crude was down 39 cents, or 1%, at $38.76. Both contracts had jumped around 4% on Wednesday.

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Oil Down 1% As US Dollar Firms On Bets Of Split White House, Senate

US West Texas Intermediate (WTI) crude futures fell 40 cents, or 1%, to $38.75 a barrel at 0141 GMT, while Brent crude futures dropped 41 cents, or 1%, to $40.82 a barrel.

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