IEA Raises Demand Forecast, Warns of Downside Risk

Alan Apthorp
Daily Market News & InsightsDaily Market News & Insights

Yesterday brought a sharp break from the oil market’s earlier stability. Crude prices shed over $1/bbl as several companies, including Wells Fargo and United Airlines, announced employee layoffs following a dismal jobs report. Unemployment claims have fallen precipitously from their March peak but remain double the highs of the 2008-09 recession. Rising coronavirus cases in […]

Fed Leaves Rates Unchanged

Alan Apthorp
Daily Market News & InsightsDaily Market News & Insights

Oil prices are up this morning, recovering some of yesterday’s losses.  WTI Crude is trading at $58.93, a gain of 17 cents. Fuel is up in early trading this morning.  Diesel is trading at $1.9416, a gain of 1.3 cents.  Gasoline is trading at $1.6323, a gain of 0.6 cents. On Wednesday, crude prices fell […]

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