OIL NEWS UPDATED BY (DUKE CALLS)

Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns.

© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary

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Oil drops as surprise U.S. stock build douses demand recovery hopes Updated By (Spider Signals)

Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns.

© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary

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Oil slips on demand worries, Hong Kong tensions Commodities Updated By (Duke Calls)

Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative sentiment.

© Reuters. FILE PHOTO: An employee holds a sample of crude oil at the Irkutsk Oil Co-owned Yarakta field in the Irkutsk region

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Oil Up on Back of Russian Production Cuts Updated By (Duke Calls)

Oil was up on Tuesday morning in Asia with Russian expectations of a rebalancing of the market by June or July.

Russia is one of the top oil producers in the world

© Reuters.

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