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Oil Price - USD/CAD turns flat, around 1.3175 level amid a sharp pullback in oil prices
A turnaround in crude oil prices undermined the loonie and helped limit deeper losses. The USD/CAD pair seesawed between tepid gains/minor losses through the early European session and was last seen ...
Oil prices rise as storm threatens U.S. gulf production, Bonny Light loses $0.28
Oil prices climbed on Monday as a tropical storm in the Gulf of Mexico prompted rigs to halt production even though wider concerns regarding excess supply | ...
Oil Price Fundamental Daily Forecast – Oversupply, Demand Worries Could Offset Storm-Related Shutdowns
Typically, oil rises when production is shut down, but with the coronavirus pandemic getting worse, demand concerns are carrying more weight.
$40 per barrel is a reasonable floor for oil prices: Analyst
Abhi Rajendran from Energy Intelligence sees crude demand taking 6 to 18 months to normalize as the oil markets rebalance, and predicts that $40 is a "reasonable floor" in the short term.
Oil prices up as storm Sally threatens Gulf of Mexico
British pharmaceutical company AstraZeneca’s resumption of coronavirus vaccine also yields upward price pressure ...