Category: Commodities

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Oil prices stable as positive COVID news balances curbs By Reuters

December 23, 2021 Admin No Comments

© Reuters. FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif/File Photo By Shadia Nasralla LONDON (Reuters) – Oil prices were broadly stable on Thursday as signs the worst effects of the Omicron coronavirus variant might be…

Commodities

Oil up 2% on U.S. Crude Draw; Huge Gasoline Pileup in the Shadows By Investing.com

December 23, 2021 Admin No Comments

© Reuters. (Adds Brent settlement) By Barani Krishnan Investing.com – Oil rallied for a second day in a row Wednesday after data showing a sharp drop in weekly stockpiles of U.S. crude allowed bulls in the market to claw back all they lost in Monday’s sell-off triggered by fears over Covid’s Omicron variant. Also supporting…

Commodities

Oil Up Over Big U.S. Crude Supply Draw, Chinese Economy Stabilization Efforts By Investing.com

December 22, 2021 Admin No Comments

© Reuters. By Gina Lee Investing.com – Oil was up Wednesday morning in Asia, holding gains as the latest U.S. crude oil supply data showed a bigger-than-expected draw. Trading volumes are also thinning out as the holiday period approaches. edged up 0.18% to $74.11 by 11:13 PM ET (4:13 AM GMT) and were up 0.37%…

Commodities

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