Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising COVID-19 cases in Europe and the United States heighten concerns over fuel consumption.
›
Oil prices fell on Thursday, extending a 5% slump in the previous session, as governments’ renewed restrictions to curb a second wave of coronavirus infections and signs of a growing global oil supply glut send prices tumbling. ›
Oil prices slid about 2 percent on Wednesday, giving up most of the previous day’s gains, as a surge in U.S. crude stocks and growing coronavirus infections in the United States and Europe fanned fears of a supply glut and weaker fuel demand.
›
British wholesale gas prices were mixed on Tuesday, with the within-day contract buoyed by an under-supplied market while curve prices slipped amid a weaker energy complex.
›
Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains muted as surging COVID-19 cases around the world hurt the outlook for crude demand while supply is rising.
›
Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices.
›
Oil prices slipped on Friday, though they held onto most of the gains from the previous session, after Russian President Vladimir Putin indicated he was prepared to extend record supply as cases of COVID-19 surge in the United States and Europe. ›
Oil prices struggled on Thursday after heavy losses overnight, with a build in U.S. gasoline inventories pointing to a deteriorating outlook for fuel demand as coronavirus cases soar in North America and Europe.
›
Oil prices were little changed on Tuesday, steadying after three days of declines due to worries that a resurgence of coronavirus cases globally is stifling a recovery in fuel demand, while growing output from Libya adds to plentiful supply.
›
British wholesale gas prices were slightly higher on Friday morning due to low wind output and oversupply. ›
