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Home» Articles posted by Andres Guerra Luz

Oil Slumps on Dollar Strength, Cooling Consumer Sentiment

Posted on January 15, 2021 by Andres Guerra Luz in Transport Topics

Oil slid by the most in three weeks as a stronger dollar and weak U.S. economic data stoked concerns over an economic rebound.

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Oil Poised for Worst Month Since March With Growing Curbs

Posted on October 30, 2020 by Andres Guerra Luz in Transport Topics

Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.

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Oil Drops With Rising US Supplies Adding to Stimulus Concern

Posted on October 7, 2020 by Andres Guerra Luz in Transport Topics

Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.

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Oil Falls on Growing Chorus of Warnings About Demand Recovery

Posted on September 29, 2020 by Andres Guerra Luz in Transport Topics

Oil in New York plunged below a key technical level for the first time since June as concerns over progress on another round of U.S. fiscal stimulus compounded growing fears that a sustained recovery in demand is still some way off.

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Oil Sinks With Equities on Wavering Hopes for Demand Pickup

Posted on September 4, 2020 by Andres Guerra Luz in Transport Topics

Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.

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Gasoline Rises to Five-Month High on US Gulf Hurricane Threat

Posted on August 25, 2020 by Andres Guerra Luz in Transport Topics

Gasoline futures surged as Hurricane Laura headed toward the U.S. Gulf Coast, threatening refinery operations and crude production in the region.

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Oil Set for Weekly Drop in Wake of Sluggish Global Economies

Posted on August 21, 2020 by Andres Guerra Luz in Transport Topics

Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.

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Oil Set to Eke Out Weekly Gain With Virus Fears Capping Prices

Posted on August 14, 2020 by Andres Guerra Luz in Transport Topics

Oil is poised to post a second straight weekly gain, buoyed by an improving global economic picture and rising U.S. gasoline demand.

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Oil Seesaws With Demand Woes Offsetting Tighter Supply Picture

Posted on August 6, 2020 by Andres Guerra Luz in Transport Topics

Oil swung between gains and losses as uncertainty over the prospect of a U.S. virus relief bill that could boost fuel consumption offset signals of tightening global supply.

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Oil Jumps as Lebanon Explosion Signals Geopolitical Instability

Posted on August 4, 2020 by Andres Guerra Luz in Transport Topics

Oil extended its rally and hit a two-week high after an explosion at Lebanon’s main port rocked the capital Beirut, pointing to geopolitical instability in the region.

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