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Oil’s best ever start to the year dented
NEW YORK: Oil’s record start to 2021 was under pressure from a selloff in bond markets that spooked risky assets.
Oil prices end mixed, despite big U.S. crude stock drawdown
NEW YORK: Oil prices were little changed on Wednesday, despite a massive drawdown in U.S. crude inventories, as ongoing concerns about the coronavirus pandemic tempered buying interest.
Oil price falls on China's COVID-19 cases, high crude build
NEW YORK: Oil prices settled lower on Friday, weighed down by a build in U.S. crude inventories and worries that new pandemic restrictions in China will curb fuel demand in the world's biggest oil importer.
Oil price steadies after unexpected build in US crude stockpiles
NEW YORK: Oil prices steadied on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related fuel demand concerns, while U.S. stimulus hopes buoyed prices.
CNOOC's semi-submersible energy facility delivered
HAIKOU, Jan. 15 (Xinhua) -- A 100,000-metric-tonne deep-water semi-submersible oil production and storage facility has been delivered to China's largest offshore oil producer, China National Offshore Oil Corporation (CNOOC) Ltd.
Saudis raise Asia, US oil prices after shock output cut
SAUDI Arabia raised pricing for oil customers in Asia and the U.S. after its shock move this week to cut output sent crude prices climbing.
Oil rises to 10-month high after Saudi output cut, U.S. inventory draw
NEW YORK: Oil prices rose to their highest levels since February on Wednesday after Saudi Arabia announced a big voluntary production cut and on a steep fall in U.S. crude inventories
Oil prices rise as US crude stock draw supports but demand hopes dim
LONDON: Oil prices settled higher on Wednesday, supported by a draw in U.S. crude inventories and Britain's approval of a second coronavirus vaccine but pressured by swelling year-over-year supply.
Oil gains 2% after draws in US product inventories
NEW YORK: Oil prices rose more than 2% on Wednesday, boosted by draws in U.S. inventories of crude, gasoline and distillates that lifted investors' hopes for some return in fuel demand.
