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Oil is usually priced in dollars, so a stronger greenback makes crude more expensive for buyers with other currencies

Oil falls on coronavirus fears, strong dollar

Business • 18 Jan

US crude stocks dropped and fuel inventories rose, the Energy Information Administration said yesterday

Oil hits new 11-month highs after US inventory fall

Business • 07 Jan

Saudi Arabia has agreed to reduce output more than expected in a meeting with allied producers

Oil extends gains after surprise Saudi output cut

Business • 06 Jan

Global crude oil markets have lost about a fifth of their value in 2020

Oil set for 20% drop in 2020 due to lockdowns impact

Business • 31 Dec 20

Oil prices could gain more strength as vaccination programmes around the world begin next year

Oil up on hopes of demand recovery, lower US stocks

Business • 30 Dec 20

Oil rose today for the third time in four sessions on expectations of rising fuel demand

Oil rises on hopes US stimulus will spur fuel demand

Business • 29 Dec 20

The American Petroleum Institute said US crude inventories rose by 2.7 million barrels in the week to December 18

Oil steadies as surprise US stockbuild weighs

Business • 23 Dec 20

A new strain of the coronavirus in the UK has triggered concerns over fuel demand recovery

Oil plunges on renewed demand recovery fears

Business • 22 Dec 20

A fast-spreading new Covid strain has shut down much of Britain and led to tighter restrictions in Europe has sparked worries about a slower recovery in fuel demand

Oil falls $3 as new virus strain prompts demand worries

Business • 21 Dec 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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