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Oil drops as U.S. stimulus wrangles, rising COVID-19 cases hit sentiment

On Jan 26, 2021
@Reuters shared
Oil prices edge lower amid doubts over U.S. stimulus, rising coronavirus cases https://t.co/aEt8NCyFGQ https://t.co/NBQa3GO6rp
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Oil prices fell on Tuesday as fading hopes for a rapid approval of new U.S. economic stimulus and mounting new coronavirus cases raised questions over the pace of any recovery in demand.

www.reuters.com
On Jan 26, 2021
@Reuters shared
Oil prices edge lower amid doubts over U.S. stimulus, rising coronavirus cases https://t.co/aEt8NCyFGQ https://t.co/NBQa3GO6rp
Open

Oil drops as U.S. stimulus wrangles, rising COVID-19 cases hit sentiment

Oil drops as U.S. stimulus wrangles, rising COVID-19 cases hit sentiment

Oil prices fell on Tuesday as fading hopes for a rapid approval of new U.S. economic stimulus and mounting new coronavirus cases raised questions over the pace of any recovery in demand.

Oil prices could plunge below $20 a barrel this quarter as demand craters: CNBC survey

Oil prices could plunge below $20 a barrel this quarter as demand craters: CNBC survey

A historic demand shock sparked by the coronavirus pandemic is set to worsen in the current quarter, according to a CNBC survey of 30 strategists, analysts and traders.

OPEC Points to 2020 Oil Surplus even as Demand Gradually Recovers

OPEC Points to 2020 Oil Surplus even as Demand Gradually Recovers

The world faces an oil surplus in 2020 even as demand gradually recovers and record supply cuts by producers help rebalance the market, according to OPEC forecasts on Wednesday. The latest ...

The Big Oil Turnaround

The Big Oil Turnaround

From negative prices to a bull market.