Tag: oil futures

Commercialization, Conventional Fuels

Oil rises, extending gains amid optimism over China coronavirus

February 5, 2020

Via: CNBC energy

Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China as a sign fuel demand may rebound in the world’s biggest oil importer. Brent futures […]

Commercialization, Conventional Fuels

Brent crude breaks $80, its highest since 2014, as oil market tightens

September 24, 2018

Via: CNBC energy

Brent crude breached $80 a barrel on Monday — its highest level since November 2014 — on the back of a tightening oil market and OPEC leaders signaling they won’t be immediately boosting output. Oil futures in London jumped 2.7 […]

Chemical, Conventional Fuels

Oil prices retreat from $50 on oversupply concerns

May 27, 2016

Via: Reuters

Oil futures dipped further in early Asian trade on Friday, finding resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. Oil pushed through $50 for the first time […]

Commercialization, Conventional Fuels

Oil extends gains, US crude at 6-month top

May 17, 2016


Oil futures rose for a second straight session on Tuesday, with U.S. crude hitting a six-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices. Oil prices […]