Page 15 - Oil Prices

Oil edges higher as industry data shows decline in US crude inventories

Oil prices edged higher on Wednesday after rallying overnight as industry data showed a decline in US inventories

Brent near $80 a barrel as market shrugs off Omicron variant

Omicron-induced staff shortages led to thousands of flights cancellations over the Christmas weekend in the US

Oil prices rise to highest level in a month as Omicron concern eases

Oil prices rose more than 2% on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand in 2022

Oil prices mixed, US crude falls after Covid-19 flight cancellations

Oil prices were mixed on Monday, with Brent edging up while Us crude futures slipped after airlines called off thousands of flights

Oil prices rally on inventory drawdown, casting Omicron caution to the wind

Oil prices rose on Wednesday after a larger-than-expected drawdown in US inventories

Oil prices steady as Omicron caution lingers amid renewed curbs

Brent crude futures rose 1 cent, or 0.01%, to $73.99 a barrel after gaining 3.4% in the last session.

Oil prices rise as dollar slips amid Omicron fears, China's economy

Oil prices rose again as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicro

Oil prices edge higher but investor worries on Omicron spread remain

Oil prices edged higher on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally

Oil prices slide as rapid Omicron spread dims fuel demand outlook

The oil and gas rig count, an early indicator of future output, rose by three to 579 in the week to December 17, representing its highest since April 2020

Oil prices slide as rapid Omicron spread dims fuel demand outlook

The Netherlands went into lockdown on Sunday and the possibility of more COVID-19 restrictions being imposed ahead of the Christmas and New Year holidays loomed over several European countries

Oil prices drop 2% as rapid Omicron spread dims fuel demand outlook

Oil prices slumped by about 2% early on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States

Oil prices head for weekly loss on Omicron coronavirus uncertainty

Brent crude futures fell 59 cents, or 0.8%, to $74.43 a barrel while U.S. West Texas Intermediate crude futures dropped 67 cents, or 0.9%, to $71.71 a barrel

Oil prices dip, heads for flat week amid uncertainty over Omicron

Oil prices dipped on Friday, putting the market on track to end the week roughly unchanged

Oil rises towards $75 as US demand and Fed outweigh virus concern

Crude and other risk assets such as equities also got a boost after the US Federal Reserve gave an upbeat economic outlook

Oil prices rise as fuel demand surges in top consumer United States

Oil prices rose as US implied consumer petroleum demand surged to a record high in the world's top oil consumer

Oil slips over 1% on bets that crude supply growth will exceed demand

Brent crude futures fell 91 cents, or 1.2%, to $72.79 a barrel, after losing 69 cents on Tuesday

Oil prices retreat on bets that crude supply growth will exceed demand

Oil prices fell on Wednesday for a third day on growing expectations that supply growth will outpace demand growth next year

Oil prices edge higher, but Omicron coronavirus variant worries linger

Governments around the world, including most recently Britain and Norway, were tightening restrictions to stop the spread of the Omicron variant

Oil prices fall amid concerns on renewed restrictions over Omicron spread

Oil prices fell on Tuesday due to investor worries about demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases

Oil rises on optimism Omicron impact will be limited on fuel demand

Oil prices rose helped by growing optimism that the Omicron coronavirus variant's impact will be limited on global economic growth and fuel demand.