Oil futures rose sharply on Tuesday, setting prices for their biggest settlement since early March, as markets become more positive about the world’s ability to tackle the COVID-19 pandemic that has crushed oil demand. and its by-products. A landmark stimulus package forged by the 27-nation European Union after marathon negotiations …
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Oil finished higher on Monday, with prices staying above $ 40 a barrel as positive test results for a coronavirus vaccine helped offset concerns about energy demand linked to the surge in global cases of COVID-19 above 14.5 million. Risk appetite received a boost “following news that a coronavirus vaccine …
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Oil futures rose on Wednesday to mark their biggest settlement in more than four months, fueled by the largest weekly decline in U.S. crude supplies so far this year, even as an OPEC + committee arrived to an agreement to reduce record production cuts from next month. “Any move by …
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