24 July, Oil posts third positive week in four on demand recovery hopes
Oil prices moved slightly higher on Friday supported by economic data from Europe, but gains were limited as tensions between the United States and China flared.
Brent crude futures settled 3 cents higher at $43.34 per barrel. West Texas Intermediate crude futures gained 22 cents to settle at $41.29 a barrel.
27 July, Oil rises on stimulus hopes, but U.S.-China tensions cap gains
Oil prices edged higher on Monday helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising global coronavirus cases and tensions between the United States and China.
Brent crude rose 7 cents to settle at $43.41 per barrel, while West Texas Intermediate crude settled 31 cents, or 0.75%, higher at $41.60 per barrel.
The U.S. dollar index reached its lowest since September 2018, hurt by deteriorating U.S.-China relations and domestic economic concerns as coronavirus infections showed no sign of slowing.
U.S. Senate Republicans on Monday are expected to unveil a new $1 trillion coronavirus aid package.
Oil drops more than 1% as rising Covid-19 cases spark demand fears
Oil prices fell around 1% on Tuesday, as U.S. lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide.
Brent crude futures fell 19 cents, or 0.44%, to $43.22 a barrel, while West Texas Intermediate crude futures settled 56 cents, or 1.35%, lower at $41.04 per barrel.
U.S. Republicans unveiled a new coronavirus relief proposal on Monday, four days before millions of Americans lose expanded unemployment benefits. On Tuesday, they faced difficult talks with Democrats on how best to recover from the coronavirus pandemic.
Reuters: CNBC
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