Crude oil prices rebounded on Wednesday, ending a five-day losing streak, as hopes for a possible cure for the new coronavirus out of China boosted the sentiment. Reports that OPEC + envisage deeper oil supply cuts also lifted prices.
read more... 06/02/2020
Crude oil prices tumbled on Tuesday, remaining in a bear market, weighed by the coronavirus impact on Chinese and global demand for black gold, despite OPEC+ measures to calm the oil market.
read more... 05/02/2020
Crude oil prices had the worst performance in three months on Thursday, as investors continued to worry about a sluggish demand for oil following the continued spread of coronavirus, with OPEC considering the possibility of an early meeting.
read more... 31/01/2020
Crude oil prices increased on Wednesday, due to a potential extension of crude output cuts by OPEC, which counterbalanced fears about the coronavirus spread.
read more... 30/01/2020
Crude oil prices edged higher on Tuesday, recovering from a five-day streak of losses, following a rally in global equity markets and on news that OPEC might extend its cuts amid fears the coronavirus could hurt oil demand.
read more... 29/01/2020