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Oil prices slip as demand shrinks, but stimulus supports

Oil prices slipped on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity......»»

Category: topSource: reutersMar 26th, 2020

Oil prices fall as demand shrinks but limited by stimulus

Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity......»»

Category: topSource: reutersMar 26th, 2020

Oil prices mixed as demand shrinks, but stimulus hopes support

Oil prices were mixed on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity......»»

Category: topSource: reutersMar 25th, 2020

Oil prices slip as fuel demand sinks in most recent week

Oil prices fell on Wednesday despite a massive pending U.S. economic stimulus package as the coronavirus pandemic sharply dented U.S. fuel demand in the latest week, with traders bracing for further declines......»»

Category: topSource: reutersMar 25th, 2020

Oil plunges posting fifth straight weekly loss despite stimulus efforts

Oil prices plunged 5% on Friday and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world......»»

Category: topSource: reutersMar 27th, 2020

Oil plunges more than 5% despite stimulus efforts

Oil prices plunged more than 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world......»»

Category: topSource: reutersMar 27th, 2020

Oil falls as demands fears outweigh stimulus efforts

Oil prices fell on Friday as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world and the United States faced the prospect of becoming the next global epicenter of the pandemic......»»

Category: topSource: reutersMar 27th, 2020

Oil mixed on stimulus hopes and demands fears

Oil prices were mixed on Friday as the market weighed the potential benefits of stimulus efforts by policymakers around the world against the demand destruction caused by fallout from the rapid spread of the coronavirus......»»

Category: topSource: reutersMar 27th, 2020

Oil rises as broader markets gain on hopes for more stimulus

Oil prices rose on Friday after world leaders promised a massive injection of funds to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil......»»

Category: topSource: reutersMar 27th, 2020

Oil prices sink as crippled demand outweighs stimulus hopes

Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4% after the United States scrapped plans to buy domestic oil for its emergency reserve......»»

Category: topSource: reutersMar 26th, 2020

Oil prices sink as crippled demand outweighs stimulus hopes

The U.S. Department of Energy scrapped a plan to purchase domestic crude oil for its Strategic Petroleum Reserve after funding was not included in the broader stimulus package......»»

Category: topSource: foxnewsMar 26th, 2020

Futures Movers: U.S. oil prices under pressure as U.S. stimulus package fails to dispel fears of demand crunch

Oil futures trade on a mixed note Thursday, with global crude prices edging higher, but U.S. oil prices down as traders remain focused on the hit to demand from the global COVID-19 pandemic......»»

Category: topSource: marketwatchMar 26th, 2020

Oil falls as sinking demand outweighs stimulus hopes

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity......»»

Category: topSource: reutersMar 26th, 2020

Oil prices settle higher on stimulus package, fuel demand sinks

U.S. crude prices settled higher on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, even as government data showed the coronavirus pandemic started undercutting U.S. fuel demand last week......»»

Category: topSource: reutersMar 25th, 2020

Oil prices rise on stimulus package, fuel demand sinks

U.S. crude prices rose slightly on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, but government data shows the coronavirus pandemic started to hurt U.S. fuel demand last week......»»

Category: topSource: reutersMar 25th, 2020

Oil prices fall as demand woes eclipse U.S. stimulus

Oil prices slipped into negative territory on Wednesday as faltering fuel demand from the spread of the coronavirus outweighed a massive pending U.S. economic stimulus package......»»

Category: topSource: reutersMar 25th, 2020

Oil gains amid market uncertainty over virus stimulus plans

Oil prices rose on Thursday, bucking panic selling in other markets, as investors tried to assess the impact of massive central bank stimulus in putting a floor under plummeting fuel demand from the coronavirus pandemic......»»

Category: topSource: reutersMar 19th, 2020

Oil jumps 5% after rout on stimulus hopes, slowing virus in China

Oil prices jumped by 5% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, although early gains were pared on demand concerns over the global spread of the coronavirus......»»

Category: topSource: reutersMar 10th, 2020

Oil up over 4% as hopes of OPEC cut, stimulus counter virus gloom

Oil prices rose over 4% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak......»»

Category: topSource: reutersMar 2nd, 2020

Oil up over 5% as hopes of OPEC cut, stimulus counter virus gloom

Oil prices rose over 5% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak......»»

Category: topSource: reutersMar 2nd, 2020

Oil up as hopes of OPEC cut, stimulus counter virus gloom

Oil prices rose on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak......»»

Category: topSource: reutersMar 2nd, 2020