Both oil and copper correctly anticipated the magnitude of the stock-market correction—and oil’s move foreshadowed the seriousness of the coronavirus outbreak. What are their price actions saying now? ... lees verder

Oil futures fall Thursday, on track to post a fifth consecutive session decline and their lowest finish in more than a year, as worries about the ... ... lees verder

Even if OPEC cuts production by 600,000 barrels a day, oil prices could remain weak until April, according to Kang Wu, head of Asia analytics at S&P Global Platts. “A lot of inventory build up right ... ... lees verder

As the coronavirus stunts Asia’s largest economy, oil traders eager to get west African crude cargoes off their books say that Chinese demand for the next round of shipments — due to be loaded onto ... ... lees verder

It happened at the Marathon Petroleum Refinery, south of LA. What burned was not crude oil. Fire officials told CBS News the incident was a massive propane explosion. The cause still under ... ... lees verder

Oil futures head lower on Wednesday, pushing U.S. prices back below $50 a barrel as worries about the spread of COVID-19 outside China, and its impact ... ... lees verder

U.S. stock futures rallied even as global stocks and oil prices slipped Wednesday with investors struggling to assess the impact of the fast-spreading coronavirus and its economic fallout. ... lees verder

Oil extended declines to the lowest in a year on fears the fast-spreading coronavirus will take a major toll on the global economy. Futures in New York fell 1.4% after plummeting more than 7% over the ... ... lees verder