Oil Holds Near $59 as Fed’s Powell Points to Economic Growth
By Administrator_ India Capital Sands Oil was steady near $59 a barrel as trading opened in Asia after Federal Reserve Chair Jerome Powell said the U.S. economy was poised for … Read More
Tag: Oil
Oil Up, With U.S. Deep Freeze Impacting Texan Production
By Administrator_ India Capital Sands Oil was up Tuesday morning in Asia, after an unexpected cold snap impacted production in Texas, the biggest crude producing state in the biggest oil producer globally. … Read More
Oil Up, Brent Futures Close to $60 Mark Over U.S. Stimulus Hopes
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with supply cuts by key producers and hopes for further U.S. stimulus measures giving the black liquid a boost. Brent … Read More
Oil Steadies in Asia After Slumping on Weak U.S. Economic Data
By Administrator_ India Capital Sands Oil steadied near $52 a barrel in Asia after slumping the most in almost four weeks on a combination of a stronger dollar, weak U.S. … Read More
Oil Jumps After Industry Group Reports U.S. Crude Supply Decline
By Administration_ India Capital Sands Oil extended gains after an industry group reported a larger-than-expected decrease in U.S. crude stockpiles. Futures in New York rose in after-market trading after closing 0.8% higher … Read More
Oil gains on hopes US pandemic stimulus payments to spur fuel demand
By Administration_ India Capital Sands Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand their pandemic … Read More