Tag: Oil
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Oil prices fall on demand fears as U.S. summer driving season ends
Melbourne, Sept. 8, 2020 Oil prices fell on Tuesday amid concerns over fuel demand as the peak U.S. driving season drew to a close and the U.S. Labour Day long weekend added to worries over rising coronavirus cases in more U.S. states. Coronavirus cases rose in 22 of the 50 U.S. states, a Reuters’ analysis…
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Oil drifts down as U.S. producers, refiners avoid worst of storm
Oil prices fell on Friday as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries. U.S. West Texas Intermediate (WTI) crude futures fell six cents, or 0.1 per cent to $42.98 a barrel as of 0202 GMT, adding to overnight…