Stay updated with breaking news from ஜென்ஸ் பெடர்ஸெந். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oil set for fourth weekly gain with high energy prices in focus worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.
by Bloomberg |Monday, May 17, 2021 Oil was steady as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. (Bloomberg) Oil was steady as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. Futures in New York traded near $65 a barrel while Brent was just under $69 in London. Chinese refiners have churned through record volumes of crude so far this year, but Indian fuel demand continued to weaken in the first half of May. It underscores the uneven rebound that has slowed crude’s rally. ....
Oil Rises With Robust Economic Data Offsetting Virus Concerns Bloomberg 1 hr ago Andres Guerra Luz (Bloomberg) Oil rose the most in over a week alongside a broader market rally after positive economic data from the U.S. and Europe allayed some of the concerns around a rampant Covid-19 resurgence in countries such as India. Futures climbed as much as 1.6% in New York after flipping between small gains and losses earlier in the session. A composite gauge of output at U.S. manufacturers and service providers reached a record high in April, while the latest data showed robust manufacturing figures in Europe. The dollar weakened, boosting the appeal of commodities priced in the currency, while strengthening U.S. equities helped support prices. ....
Oil pared an earlier gain as investors assessed a patchwork recovery in energy demand. (Bloomberg) Oil pared an earlier gain as investors assessed a patchwork recovery in energy demand, with signs of a rebound from the pandemic in some countries mixed with setbacks in parts of Asia where the virus is still rampant. West Texas Intermediate eased its earlier gain to trade near $61 a barrel in New York on Friday. So far this month, crude futures have swung between weekly gains and losses torn between divergent demand indicators. Among the latest were robust manufacturing figures in Europe, though India continues to set a record number of daily cases and diesel and gasoline consumption may fall by 20% there this month. ....
Oil Pares Weekly Loss as Investors Face Mixed Signals on Demand bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.