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Oil Price - Fear over another COVID variant sends stocks, oil prices lower

Warnings about the COVID strain detected in South Africa also prompted large sell-offs in oil, cryptocurrencies and airline and cruise stocks.

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December petrol prices to see ‘full impact’ of global oil price drop: spox

ISLAMABAD: While global oil prices continued their downward trend this week, there seems little chances of the government revising the prices of petroleum ...

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President Biden opens oil reserve to relieve high gas prices, but it won’t be immediate

President Joe Biden authorized the release of a record 50 million barrels of oil from the Strategic Petroleum Reserve as gas prices rise.

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US oil prices plunge 10% amid fears of 'most infectious ever' Nu COVID variant

West Texas Intermediate crude futures, the US oil benchmark, reached $68.85 per barrel on Friday as the Dow Jones also took a great tumble of more than 1,000 points due to COVID fears.

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Oil Prices Crash As Covid Does What Biden Couldn’t

Renewed Covid fears have managed to do what Biden couldn't, sending oil prices crashing as a new wave of demand destruction looms.

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