Oil prices shrugged off early gains on Thursday as countries imposed new travel curbs to combat surging cases, though the downside remained capped over positive developments around COVID-19. ›
Oil prices were steady on Wednesday, with market players on the lookout for fuel demand pointers amid COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. ›
Oil prices rose on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally and the possibility that countries may consider more restrictions, potentially denting fuel demand. ›
Oil prices dipped on Friday, putting the market on track for a narrow weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly. ›
European and British wholesale gas prices fell from the previous day’s record highs on Wednesday, pressured by an higher Russian supplies and a flat demand outlook. ›
Oil prices fell for a third day straight on Wednesday on growing expectations that supply growth will outpace demand growth next year, even though the Omicron coronavirus variant is not seen curbing mobility as sharply as earlier COVID-19 variants. ›
Oil prices eked out small gains on Tuesday, recouping losses earlier in the day triggered by investor worries about demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases. ›
European and British wholesale gas prices soared to fresh two-month highs on Monday morning, after renewed concerns of a delay to Russian gas deliveries to Europe via the contentious Nord Stream 2 pipeline and rising demand expectations. ›
Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on global fuel demand. ›
Oil prices dipped on Friday, but were still on track to their biggest weekly gain since late August, as the easing concerns over the Omicron coronavirus variant on global growth and fuel demand drove market sentiment. ›
