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Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened.

Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened.

Oil Falls Near $52 With Virus Surging and Dollar Strengthening Bloomberg 1/18/2021 Elizabeth Low and Alex Longley (Bloomberg) -- Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened. Futures in New York fell 0.5%. Premiums for Russia’s ESPO crude, a favorite of refiners in Asia, have fallen by more than $1 since last month, according to traders who asked not to be identified. A flurry of new Covid cases in China and flare-ups in other major regional consumers like Japan are menacing demand. Gaps in a...

Oil edges higher despite OPEC's lower demand view, lockdowns Andres Guerra Luz and Alex Longley, Bloomberg Dec. 14, 2020 FacebookTwitterEmail Oil storage tanks sit along Highway 225, Friday, May 15, 2020, between Houston and Pasadena.Mark Mulligan/Staff photographer Oil inched up as the market weighed the risks of toughening restrictions in New York and London ahead of a widely available vaccine. Futures closed at a fresh nine-month high after swinging between gains and losses earlier. The U.S. began administering the Covid-19 vaccine alongside nationwide immunization campaigns in other coun...