The Energy Bulletin Weekly: 26 October 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices finished lower last week in anticipation of a surge in Libya’s crude supply and concerns about rising coronavirus cases in the US and Europe.
Tag: oil prices
The Energy Bulletin Weekly 19 October 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Futures posted a small weekly gain on signs that demand is picking up in China even as a new wave of coronavirus infections casts a shadow over the global market.
The Energy Bulletin Weekly 13 October 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices gained 9 percent last week, settling at $42.85 in London and $40.60 in New York -- the first increase in three weeks and the biggest weekly rise for Brent since June.
The Energy Bulletin Weekly 5 October 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil fell last week in New York to $37.05 and Brent plummeted to $39.27, after President Trump's positive Covid-19 diagnosis combined with labor market weakness led to heightened concerns over an economic recovery.
The Energy Bulletin Weekly 28 September 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices fell this week amid growing concerns that another wave of the coronavirus pandemic will spark tighter lockdowns and further stifle oil demand.
The Energy Bulletin Weekly September 21, 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices climbed $4 a barrel last week, closing at about $43 in London and $41 in New York. They were lifted by hurricane Sally in the Gulf of Mexico, which took more than 500,000 b/d offline and left production 30 percent below normal by week’s end.
The Energy Bulletin Weekly 14 September 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Futures posted their first back-to-back weekly loss since April’s rout with the end of the summer driving season and concern about OPEC’s production compliance weighing on prices.
The Energy Bulletin Weekly 8 September 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
New York futures settled near two-month lows after gains in the dollar reduced the appeal of commodities priced in US currency and concerns about over-supply mount.
The Energy Bulletin Weekly August 31, 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil prices rose for a fourth week in a row as the US Gulf Coast refineries began restarting, though gains were capped as investors shifted their focus from Hurricane Laura toward the slowing rebound in consumption.
The Energy Bulletin Weekly August 24, 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
The oil futures market has been trading in a narrow range for weeks with crude propped up by inventory drawdowns and high OPEC compliance with its production cut.
The Energy Bulletin Weekly: 17 August 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices squeezed out a small gain for the second straight week, but uncertainty around the US-China trade deal and fears of a resurgent pandemic limited the price rally.
The Energy Bulletin Weekly 10 August 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices edged up to the highest since March last week on a larger-than-expected inventory draw, a slightly improved US jobs report, and hopes for a new stimulus package from Washington.