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Oil rises above $67 in fifth day of gains on demand hopes


Oil rises above $67 in fifth day of gains on demand hopes
By Alex Lawler
FILE PHOTO: A closed petrol pump is seen in Chuquiaguillo, on the outskirts of La Paz
LONDON (Reuters) -Oil rose above $67 a barrel on Friday, gaining for a fifth session, as a stronger demand outlook and signs of economic recovery in China and the United States offset rising COVID-19 infections in some other major economies.
China’s first-quarter gross domestic product jumped 18.3% year on year, official data showed on Friday. On Thursday figures showed a rise in U.S. retail sales and a drop in unemployment claims. ....

United States , City Of , United Kingdom , Stephen Brennock , Roslan Khasawneh , Jason Neely , Sonali Paul , Alex Lawler , International Energy Agency , Organization Of The Petroleum Exporting Countries , Texas Intermediate , Petroleum Exporting Countries , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ஜேசன் நீலீ , சொனாலி பால் , அலெக்ஸ் சட்டத்தரணி , ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் , டெக்சாஸ் இடைநிலை , பெட்ரோலியம் ஏற்றுமதி நாடுகள் ,

Oil holds near $67, heads for weekly gain on strong data


2 Min Read
NEW YORK (Reuters)a -Oil was modestly lower on Friday but headed for a weekly gain as a stronger demand outlook and signs of economic recovery in China and the United States offset concerns about rising COVID-19 infections in other major economies.
FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo
Brent crude was up 5 cents, or 0.1%, at $66.99 a barrel by 1:27 p.m. EDT (1727 GMT). The global benchmark was on track for a weekly gain of 6% after rising in the past four sessions. ....

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Oil rises above $67 in fifth day of gains on demand hopes - Netscape Money & Business


Oil rises above $67 in fifth day of gains on demand hopes
By Alex Lawler
Reuters
LONDON (Reuters) -Oil rose above $67 a barrel on Friday, gaining for a fifth session, as a stronger demand outlook and signs of economic recovery in China and the United States offset rising COVID-19 infections in some other major economies.
China s gross domestic product jumped 18.3% in the first quarter from a year earlier, official data showed on Friday.
On Thursday, figures showed a rise in U.S. retail sales and a drop in unemployment claims.
Given the improving outlook for the world s two biggest economies, there is little chance of the market s feel-good glow being extinguished any time soon, said Stephen Brennock of oil broker PVM. ....

United States , City Of , United Kingdom , Stephen Brennock , Roslan Khasawneh , Jason Neely , Sonali Paul , Alex Lawler , International Energy Agency , Organization Of The Petroleum Exporting Countries , Texas Intermediate , Petroleum Exporting Countries , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ஜேசன் நீலீ , சொனாலி பால் , அலெக்ஸ் சட்டத்தரணி , ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் , டெக்சாஸ் இடைநிலை , பெட்ரோலியம் ஏற்றுமதி நாடுகள் ,

Oil nudges down but secures weekly gain on recovery hopes


Oil nudges down but secures weekly gain on recovery hopes
By Alex Lawler
By Laura Sanicola
NEW YORK (Reuters)a -Oil settled modestly lower on Friday but secured a weekly gain on a stronger demand outlook and signs of economic recovery in China and the United States that offset concerns about rising COVID-19 infections in other major economies.
Brent crude settled down 17 cents, or 0.3%, at $66.77 a barrel. The global benchmark finished up 6% on the week after rising in the past four sessions.
U.S. West Texas Intermediate (WTI) crude settled down 33 cents, or 0.5%, at $63.13.
China’s first-quarter gross domestic product jumped 18.3% year on year, official data showed. That followed a big increase in U.S. retail sales and a drop in unemployment claims released on Thursday. ....

United States , City Of , United Kingdom , Roslan Khasawneh , Laura Sanicola , Mark Potter , Sonali Paul , Alex Lawler , Bob Yawger , Jonathan Oatis , Baker Hughes Co , International Energy Agency , Organization Of The Petroleum Exporting Countries , Texas Intermediate , Petroleum Exporting Countries , Marguerita Choy , Will Dunham , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , லாரா சானிகோலா , குறி பாடர் , சொனாலி பால் , அலெக்ஸ் சட்டத்தரணி , ரொட்டி சுடுபவர் ஹக்ஸ் இணை , ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் ,