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Oil Futures Advance as Signs of Economic Recovery Offset Virus

Oil Futures Advance as Signs of Economic Recovery Offset Virus

Oil rebounded from a weekly loss as better-than-estimated economic data countered fears that Covid-19’s resurgence will crimp fuel demand.
Gold Pauses After 8-Year High in Bullion as Dollar Rises

Gold Pauses After 8-Year High in Bullion as Dollar Rises

Gold paused in its advance toward the $1,800-an-ounce target on Wednesday as the dollar’s unexpected rally weighed on the safe-haven, despite a risk-off mood across markets reacting to new Covid-19 fears and a grim world economic outlook from the IMF.
Oil Inventories Rose by 3.9M Barrels Last Week: API

Oil Inventories Rose by 3.9M Barrels Last Week: API

U.S. crude stockpiles rose last week, according to an estimate released Tuesday by the American Petroleum Institute.
Oil Holds Losses as Saudis Call Time on Additional Output Cuts

Oil Holds Losses as Saudis Call Time on Additional Output Cuts

Oil held declines in Asia after top producer Saudi Arabia said that it would end its extra voluntary production cuts after June.
Budget Boost Gives Putin an Incentive to Stick With OPEC+ Cuts

Budget Boost Gives Putin an Incentive to Stick With OPEC+ Cuts

Russian President Vladimir Putin has a strong incentive not to rock the boat when OPEC+ nations meet in the coming days to decide whether to prolong oil production curbs.
Oil drops as surprise U.S. stock build douses demand recovery hopes

Oil drops as surprise U.S. stock build douses demand recovery hopes

Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns.