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WATCH: Why oil is losing ground

Warwick Business School’s David Elmes talks to Business Day TV about the oil price

27 October 2020 - 09:30
by Business Day TV
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Picture: 123RF/PAVEL IGNATOV
Picture: 123RF/PAVEL IGNATOV

Oil is under pressure amid concern about how the spike in Covid-19 cases in the US and Europe will affect demand for fuel.

Business Day TV spoke to David Elmes from the Warwick Business School about the oil market.

Warwick Business School's David Elmes talks to Business Day TV about the oil price

Oil falls amid renewed worry about demand

Brent slips as traders fret about growing cases of Covid-19 in the US and Europe and possibility of increased supply dims sentiment
Markets
3 years ago

Oil falls further as rising cases fuel demand worries

A surge in Covid-19 infections in the US and Europe prompt concern over crude demand, while the chance of increased supply also hit sentiment
Markets
3 years ago

Oil steady as Putin signals extension of output cuts

Russia president does not rule out extending oil cuts amid Covid-19 pandemic
Markets
3 years ago

Oil holds steady as surging Covid-19 cases raise demand fears

Brent and US crude head for weekly losses while Russia does not rule out extending Opec+ output cuts
Markets
3 years ago

Asian equities begin the week in uncertain mood

Surging coronavirus cases in Europe and the US has undermined the global outlook, while China’s leaders mull the future of the economic giant
Markets
3 years ago
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