Oil prices are continuing their vaccine bounce this morning, pushing above $65 while fuel prices are setting fresh multi-year highs as well. The European Union is working on loosening restrictions for vaccinated travelers in time for the summer tourism season. Simultaneously, US areas like New York are also unwinding tight restrictions. Although cases are rising […]
Yesterday, WTI crude closed the day marginally higher. Prices are up in early trading this morning on news from the European Union of a 750 billion euro ($859 billion) fund to assist EU economies hurt by the coronavirus. The unprecedented deal allows the European Commission to raise billions of euros on capital markets on behalf […]
Oil prices are reversing last week’s gains amid further deterioration in US trade relations, with both China and the EU. Crude oil is currently trading at $53.36, down 42 cents. Fuel is also down this morning. Diesel is trading at $1.9347, a loss of 1.2 cents. Gasoline is also lower, trading at $1.6059, down 1.7 […]
