Serinus-Energy

Oil prices rebound

Oil prices climbed on Tuesday, clawing back some of the previous session’s deep losses, even though concerns over coronavirus curbs combined with slowing factory activity in key buyer countries to

Serinus-Energy

Oil rises on U.S. fuel drawdowns

Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip supply growth even

Serinus-Energy

Goldman Sachs raises oil price forecast

The agreement which OPEC+ reached on Sunday is modestly bullish for Goldman Sachs’s forecast that Brent will hit $80 per barrel this summer, the investment bank said in a note after the

Serinus-Energy

Oil edges higher

Oil prices edged higher on Tuesday, as tight supply and expectations of a further draw in U.S. and global crude inventories provided support. However, capping gains, U.S. inflation data for

Serinus-Energy

Oil nears three-year high

Oil prices were heading towards three-year highs on Tuesday, towing petrocurrencies and inflation expectations with them, after the world’s main oil producers failed to agree on production plans. Wall Street

Serinus-Energy

Oil steady as U.S. stockpiles fall

Oil prices were broadly steady on Wednesday, heading for monthly and quarterly gains, after some data suggested U.S. crude stockpiles were shrinking while an OPEC report warned of a possibly

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