UJO

Union Jack Oil

Oil breaks out

Oil finally broke out of the narrow range it has been trading in for over a month now, with ICE Brent trading as high as US$46.23/bbl at one stage yesterday, although

Union Jack Oil

Oil prices edge upward

Oil was propped up by the combination of a weaker dollar and stronger U.S. equities with speculation growing around the Federal Reserve reinforcing its dovish message. U.S. crude futures climbed

Union Jack Oil

Oil holds at 4-month high

Oil prices jumped to a four-month high on Tuesday, rallying on hopes of economic stimulus. However, the uncontrolled spread of the coronavirus in the U.S. puts something of a ceiling on prices

Union Jack Oil

Oil prices rebound on Covid-19 vaccine news

Oil prices recovered Monday, tracking a rally in U.S. equities, as a coronavirus vaccine the University of Oxford is developing with AstraZeneca Plc showed promising results in early human testing.

Union Jack Oil

Oil gains after big U.S. drawdown

Oil prices rose on Wednesday following a sharp drop in U.S. crude inventories, with the market waiting for next steps from a meeting later in the day on the future

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