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At Close: Jun 03, 2026
A Disaster For Oil As OPEC Fails To Address Falling Prices
10:30am, Monday, 09'th Mar 2020
The Fed emergency rate cut was not bearish. OPEC runs into a brick wall. U.S. politics and crude oil. Equities continue to look awful. It is always darkest befo
Energy stocks sink to 11-year low as Russia refuses OPEC oil plan
05:25pm, Friday, 06'th Mar 2020
Energy sector stocks (XLE -5.6%) plunge after Russia shot down OPEC's plan to cut production by an additional 1.5M bbl/day in the wake of the coronavirus.Crude oil futures crash as much as 9%, with Ap
Crude oil craters as OPEC+ talks on verge of collapse
03:13pm, Friday, 06'th Mar 2020
Crude oil futures (USO -7.3%) extend losses, falling as much as 6.5% with OPEC+ talks said to be on the verge of collapse; April WTI -5.7% to $43.27/bbl, May Brent -5.6% to $47.18/bbl.Russia reportedl
OPEC ministers said to agree to 1.5M bbl/day cut, but is Russia on board?
12:44pm, Thursday, 05'th Mar 2020
Crude oil prices (NYSEARCA:USO) popped higher following a Bloomberg report that OPEC ministers agreed to cut production by a larger than expected 1.5M bbl/day in response to the coronavirus, citing de
Russia resisting Saudi plan to deepen OPEC production cuts - WSJ
05:14pm, Wednesday, 04'th Mar 2020
Crude oil futures (NYSEARCA:USO) turn negative following a WSJ report that Russia is still resisting Saudi Arabia's plan to deepen OPEC+ production cuts by 1.2M bbl/day despite pressure from the coron
Global oil demand to shrink, Goldman says in new forecast
11:21pm, Tuesday, 03'rd Mar 2020
Goldman Sachs forecasts global oil demand will shrink 150K bbl/day this year, including a global demand loss of 2.1M bbl/day in H1, and cuts its price forecast for Brent crude (NYSEARCA:BNO) to $47/bb
OPEC committee recommends 600K bbl/day output cut
04:40pm, Tuesday, 03'rd Mar 2020
Crude oil prices pare earlier advances as OPEC's joint technical committee reportedly recommends the group cut crude production by 600K bbl/day in Q2 and extending existing cuts to the end of the year
Oil back to waiting for OPEC after brief Fed-fueled spike
03:34pm, Tuesday, 03'rd Mar 2020
Crude oil prices (NYSEARCA:USO) enjoyed a knee-jerk spike on the Fed rate cut, but immediately gave most of it back, as the main focus of traders remains OPEC.The group is expected to order a bigger o
Oil surges ahead of OPEC meeting, potential production cut
05:12pm, Monday, 02'nd Mar 2020
Crude oil's (USO +3.9%) freefall comes to a halt, reversing last week's plunge to multi-year lows, on expectations that global central banks will provide stimulus that supports risky assets.April WTI
U.S. crude oil concludes worst week in more than 11 years
09:12pm, Friday, 28'th Feb 2020
The U.S. benchmark oil price (NYSEARCA:USO) plunged 16% in its largest weekly decline since December 2008, as the spread of the coronavirus stokes fears of slowing global demand.April WTI crude settle
U.S. crude slumps to lowest settlement in more than a year
09:19pm, Wednesday, 26'th Feb 2020
U.S. crude oil (NYSEARCA:USO) tumbles to its lowest price in more than a year after hundreds of new coronavirus cases were reported in Asia, Europe and the Middle East, adding to fears of weaker ener
Energy sector now -18% YTD as oil prices remain under pressure
08:36pm, Tuesday, 25'th Feb 2020
The energy sector (XLE -4.8%) is again the day's weakest performer, as crude oil tumbles for a third session on concerns about the spread of the coronavirus outside China and the potential impact on o
Energy extends YTD loss to 15% as oil prices plunge
05:25pm, Monday, 24'th Feb 2020
The energy sector (XLE -4.5%) is today's weakest performer, widening its YTD loss to 15% and a fresh low for the year, as crude prices plunge into bear territory amid weakening risk tolerance due to t
Oil prices -4% as spreading virus sparks demand concerns
12:31pm, Monday, 24'th Feb 2020
Crude oil futures plunge as worries about the impact of the coronavirus spike, with the number of infections rising outside of China; April WTI -3.8% to $51.35/bbl, April Brent -4% to $56.17/bbl."
Tech Soars, Energy Sinks So Far In 2020 Equity Sector Horse Race
12:55pm, Thursday, 06'th Feb 2020
US equity sector performance in 2020 is a study in contrasts. At the high end of year-to-date results: technology shares. Meanwhile, energy continues to suffer
