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…

It may be a while before things return to normal.

Traders have for years now been used to tensions flaring in the region and when that happens, oil markets tick up,

“Oil’s rally could be capped for the early months of next year by waning support from the supply side and a still uncertain near-term demand recovery”