Page 6 - Amy Sergeant News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Oil clawed back losses after an OPEC+ panel boosted its global demand growth view, while the worsening Covid-19 crisis in India held back prices from further gains. Futures in New York were little changed following a rebound from a loss of as much as 2.4 per cent earlier Monday. An OPEC+ technical committee was said to raise its global oil demand growth forecast for 2021 to 6 million barrels a day, according to delegates. Earlier, OPEC Secretary-General Mohammad Barkindo said that the group sees “positive signals” in the global economy, but that there are factors in the oil market that ...

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Oil Rises Toward $60 as Investors Weigh Near-Term Demand Outlook Bloomberg 1 hr ago Saket Sundria and Alex Longley (Bloomberg) -- Oil gained, nearing $60 a barrel, as investors continued to assess the recovery in consumption globally. Futures in New York rose as the dollar fell, making commodities priced in the U.S. currency more attractive. Federal Reserve Chair Jerome Powell said that the U.S. economy was poised for stronger growth, but he cautioned that the pandemic remains a threat. That’s been highlighted in other regions including parts of Europe, while another wave ...

Oil Pares Gains With Market Awaiting Clarity on Demand Strength Bloomberg 1 hr ago Alex Longley and Andres Guerra Luz (Bloomberg) -- Oil retreated from session highs with prices struggling to break out of the recent trading range as the market considers the jagged outlook for global fuel consumption. Futures in New York headed back toward unchanged after notching a gain of as much as 2.4% earlier Monday. New daily Covid-19 cases in Iran rose to a record overnight, while Austria’s capital extended regional lockdown measures until next month, highlighting the long road ahead...

Oil pared gains with prices struggling to break out of its recent trading range.