Page 4 - Oil Prices Slip

Oil slip but heads for steady week on supply tightness as demand recovers

Oil prices trimmed overnight gains on Friday but were poised to end the week largely steady after rebounding from a sharp drop, underpinned by expectations supply will remain tight as demand recovers

Oil falls a third day as supply worries mount; OPEC to add more barrels

Oil prices fell a third day on Friday as supply concerns continued to haunt the market, with OPEC likely to add more barrels amid expectations that demand is returning

Oil price falls but sentiment stays strong on demand recovery hopes

Brent crude futures for August eased 10 cents, or 0.1%, to $74.80 a barrel by 0110 GMT, while US West Texas Intermediate (WTI) crude for July was at $73.44 a barrel, down 22 cents, or 0.3%

Oil prices dip, but head for third weekly rise on demand recovery

Brent crude futures edged down 4 cents, or 0.06%, to $72.48 a barrel at 0658 GMT

Oil skids as start of US summer driving season fails to lift fuel demand

Oil prices fell on Thursday as inventory data in the United States, the world's top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand

Oil prices drop 3% on India's Covid-19 crisis; US pipeline restart

Oil prices fell about 3 per cent on Thursday as India's coronavirus crisis deepened and a key US fuel pipeline resumed operations, halting a rally that had lifted crude to an eight-week high

Oil drops towards $66 as India demand concerns weigh

Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States

Oil prices slip as second wave of Covid takes toll on India's fuel sales

Oil prices fell on Monday as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in demand

Oil prices slip as rising coronavirus infections spark demand concerns

Brent crude was down 17 cents

Oil prices decline despite prospects for stronger global economic outlook

Oil prices eased on Wednesday despite prospects for stronger global economic growth as talks to revive a nuclear deal with Iran opens the possibility of an easing of sanctions on its oil exports

Oil prices slump as Suez Canal stuck container ship starts to move

Oil slipped around 2% after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the vital global trade passage for nearly a week

Oil prices slide as Covid lockdown concerns outweigh Suez Canal disruptions

Oil prices skidded around 2% as fuel demand concerns re-emerged alongside fresh lockdowns, trimming gains spurred by grounding of a giant container ship blocking crude shipments through the Suez Canal

Oil prices decline as European coronavirus lockdowns douse recovery hopes

Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading

Oil prices rise more than 2% but post weekly decline on demand fears

Oil rose more than 2% in volatile trading on Friday, but finished the week about 7% lower as a new wave of coronavirus infections across Europe dampened hopes that fuel demand would recover soon

Oil prices slip for fifth consecutive day lower after US stockpile build

Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in US crude and fuel inventories, while the ever-present pandemic clouded the demand outlook

Oil dips on demand worries despite surprise drop in US crude stocks

Oil slipped for a fourth day on worries about rocky demand in Europe, even as hopes of a recovery in US refinery activity were boosted by industry data that showed US crude stockpiles fell last week

Oil price slips below $68 as rally fizzles out before US supply report

Oil fell to around $68 a barrel on Tuesday, pressured as concerns faded of a supply disruption in Saudi, which countered a pause in dollar's rally and prospects for tighter supply due to OPEC+ curbs

Oil prices fall as Saudi supply risks abate, stronger dollar

Dollar-denominated oil prices typically fall when the greenback strengthens since the commodity becomes more expensive for buyers paying in other currencies

Oil prices slip after unexpected increase in US crude inventories

Brent crude futures fell 3 cents to $56.05 a barrel

Oil prices slip before OPEC+ resumes meeting on February output levels

Oil prices edged down before deadlocked talks between major producers about potential changes in February output are set to continue later in the day