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Home» Articles posted by Olivia Raimonde

Oil Slips With Glut Concerns, Reversing Saudi Price Hike Boost

Posted on May 7, 2020 by Olivia Raimonde in Transport Topics

Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike.

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Oil Slides With Glut Concerns Eclipsing Demand Recovery

Posted on May 6, 2020 by Olivia Raimonde in Transport Topics

Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories.

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Oil Climbs on Biggest Jump in US Gasoline Demand in 11 Months

Posted on April 29, 2020 by Olivia Raimonde in Transport Topics

Oil rallied on optimism that consumption could gradually return as major producers continue to cut output to counter a global glut.

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Oil Swings After Major Index Bails Out of June Contract

Posted on April 28, 2020 by Olivia Raimonde in Transport Topics

Oil resumed losses after a brief bounce higher amid the aftershocks of a major index tracked by billions of dollars in funds exiting near-term contracts for fear prices may turn negative again.

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