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Analysts said that oil prices are still faring comparatively well today given all the headwinds they are facing

Oil edges up to $42, eyeing Libya and US inventories

Business • 23 Sep

Brent is set to close out August with a fifth successive monthly price rise

Brent hits 5-month high on supply cuts, China data

Business • 31 Aug

Brent crude oil prices are higher today, lifted by US producers shutting most of their offshore output in the Gulf of Mexico

Oil at near five-month high on US output cuts

Business • 26 Aug

Workers have been evacuated from more than 100 oil production platforms

Oil up on storm-hit US output and Covid treatment hopes

Business • 24 Aug

New waves of coronavirus outbreaks in several countries are expected to cool oil consumption again

Oil edges lower on rising virus cases, US-China tension

Business • 17 Aug

The price of Brent oil has more than doubled since falling to a 21-year low below $16 in April

Oil falls as US inventory rise revives glut worries

Business • 10 Jun

Oil prices have ticked up in the last two weeks as some countries relaxed Covid-19 restrictions and lockdowns to allow factories and shops to reopen

Oil prices rise on dip in US crude stockpiles, IEA data

Business • 14 May

Oil prices jumped again today on hopes for a recovery in vehicle traffic and fuel demand

Oil extends gains on demand hopes as lockdowns ease

Business • 05 May

Oil traders are resorting to hiring expensive US vessels to store gasoline or ship fuel overseas

Oil mixed on easing lockdowns, looming storage shortage

Business • 28 Apr

Cushing, the delivery point for US oil, was 70% full as of mid-April

Oil prices fall on oversupply, storage capacity fears

Business • 27 Apr

The price of Brent crude is headed for a 23% loss this week

Oil heads for steep weekly slide after Covid-19 turmoil

Business • 24 Apr

US stockpiles of crude, gasoline and distillate fuels rose last week as inventories are building around the world

Oil rallies on Gulf tensions and output cuts

Business • 23 Apr

Worldwide oil supply looks set to overwhelm demand for months to come and current production cuts fall far short of offsetting that glut

Oil hits lowest this century as virus hits demand

Business • 22 Apr

The collapse in oil prices came together with more signs of a slow and difficult recovery from the Covid-19 pandemic

Oil at two-decade lows, US crude futures below zero

Business • 21 Apr

US crude's collapse today was triggered by worries that key storage facilities in Cushing, Oklahoma, are under pressure

US oil prices turn negative for first time

Business • 20 Apr

Oil prices are being pressured by persistent oversupply and collapsing demand due to global coronavirus-related lockdowns

Oil falls 4% towards $28 on oversupply concerns

Business • 15 Apr

Oil is higher today on expectations the world's largest oil producers would agree to cut production

Oil rises on hopes OPEC+ meeting will result in cuts

Business • 09 Apr

Oil up on hopes that the world's biggest producers will agree to cut output

Oil rises as hopes build for global production cut

Business • 07 Apr

US benchmark WTI plunged 54% during March and 66% for the first quarter, while Brent slumped by 66% in the first quarter and 55% in March

Oil ends March with biggest monthly & quarterly losses

Business • 01 Apr

Oil prices fall as fears grow over the coronavirus pandemic eroding demand

Oil slides as pandemic darkens demand outlook

Business • 30 Mar

Both Brent and WTI prices are down about 60% this year

Oil falls as sinking demand outweighs stimulus hopes

Business • 26 Mar

Oil prices bounced nearly 7% today after three days of heavy losses

Oil jumps after three-day slump but virus still weighs

Business • 19 Mar

Travel and social lockdowns sparked by the coronavirus epidemic have knocked the outlook for oil demand

US crude hits 18-year low as lockdowns spread

Business • 18 Mar

Brent's premium to WTI has narrowed to less than $1, making US crude oil uncompetitive in international markets

Brent falls 10%, WTI below $30 as coronavirus spreads

Business • 16 Mar

Brent is set to fall around 24% this week, the biggest weekly decline since December 2008

Oil rises 2% but set for biggest weekly drop since 2008

Business • 13 Mar

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