Oil Holds Gain Near $53 as Tightening Supply Offsets Virus Woes
Oil held gains near $53 a barrel as more signs of tightening supply offset concerns that a resurgent Covid-19 outbreak in some regions and a slow roll-out of vaccinations will blunt near-term demand. Futures in New York were steady after rising 1% on Monday. Russian...
Oil prices edge lower as COVID-19 lockdown concerns overshadow demand prospects
Oil prices slipped for a second straight session on Monday as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand. Brent crude futures for March fell 8 cents, or 0.1%, to $55.38 a barrel by 0717 GMT, while U.S. West Texas Intermediate crude for...
Gold Down, But U.S. Stimulus Hopes Cap Losses
Gold was down on Monday morning in Asia, giving up some earlier gains as it recovers from a sharp decline seen during the previous session. However, investor hopes that the U.S. would pass more stimulus measures that could kickstart the economic recovery from COVID-19...
Goldman Sachs: Biden’s Federal Land Drilling Ban Is Bullish For Oil
Oil stocks tumbled following yesterday’s one-two punch of Biden energy news, when first we learned that the Interior Department enacted a 60-day moratorium on issuing oil and gas leases that affects all federal lands, minerals, and waters, which was followed by...
Goldman Says Biden’s First Steps Are Bullish for Oil Prices
Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market this year and next, according to Goldman Sachs Group Inc (NYSE:GS). A focus on fiscal spending, a probable lack of urgency in lifting sanctions on Iran and restrictions on...Free Trading Indikator Terbaik
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