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Oil Edges Higher Alongside Equities With Stimulus Hopes Growing Bloomberg 1/7/2021 Andres Guerra Luz and Alex Longley (Bloomberg) -- Oil gained for a third day as a Democratic sweep in the U.S. stoked optimism around the prospect of more fiscal stimulus under the incoming Joe Biden administration. The slight rise of less than 1% on Thursday left futures in New York at their highest since late February. Prices tracked a move higher in equities as Democrats are poised to take control of the Senate, House and presidency, setting the stage for additional virus aid that could boo...

Oil Up On Stimulus Package Hopes As Vaccines Continue To Strengthen Resolve by Ship & Bunker News Team Tuesday December 29, 2020 The U.S. House of Representatives voting to meet president Donald Trump's demand to increase direct Covid-19 aid payments to Americans was enough to propel crude prices on Tuesday modestly upward, on the assumption they will spur fuel demand and stimulate economic growth. West Texas Intermediate settled up 38 cents at 23 cents at Gary Cunningham, director of market research at Tradition Energy, said, "We are seeing strength in the oil market on the back of p...

The dollar languished near a 2-1/2-year low on Tuesday as investors were encouraged to take on more risk as U.S. lawmakers pushed forward with an enhanced Covid-19 relief package.

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by Bloomberg |Monday, December 21, 2020 Crude cratered the most in six weeks as a new strain of the coronavirus in the UK is threatening additional lockdown measures across Europe. (Bloomberg) -- Crude cratered the most in six weeks as a new strain of the coronavirus in the U.K. is threatening additional lockdown measures across Europe and reducing global travel routes. Both U.S. crude futures and the global benchmark Brent fell nearly 3% on Monday. More than 16 million Britons are now required to stay at home after a full lockdown came into force in London and the southeast of England. Tr...