Category: Petroleum Daily

Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.

Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.

After a momentary rally in oil, crude prices seemed to have deflated as investors ignored a broader surge

PFL will return 12/28/2020

Oil prices moved higher today after the EIA reported an inventory draw of 600,000 barrels for the week to December 18th.

Oil prices fell today, adding to losses from yesterday’s session as specs get weeded out. Detection of a new variant of the virus is causing countries to restrict travel to the UK and

Oil prices fell today as a “fast spreading new coronavirus strain” has shut down a large swatch of the UK and led to travel restrictions across the globe.

The market was also anticipating a new $900 billion stimulus deal as soon as today, though congress passed a short term bill to continue funding the government while the deal is being worked.

Oil prices rose again today touching nine months highs as headlines for the day indicated the US was getting close on a stimulus package.

Crude prices traded up today as the EIA report showed a drop in crude inventories. The Fed in a press conference today announced they would…