Members of the Organisation of the Petroleum Exporting Countries (OPEC) have agreed their preferred level of cuts, but Russia does not agree.
6 March 2020
5 March 2020
Oil prices have increased prior to OPEC meeting in which Saudi Arabia is expected to push OPEC+ Group to agree on further output cuts to support the prices.
4 March 2020
Oil prices have increased on expectations that OPEC+ Group is moving closer towards deeper output cuts.
3 March 2020
Oil prices have extended gains amid hopes of decreasing production in oil-producing nations by OPEC+ Group to offset the impact of coronavirus covid-19 outbreak, and stimulus from central banks.
2 March 2020
Oil prices have edged up more than 4% amid hopes of deeper OPEC+ cuts and central bank stimuli to counteract the market effects of coronavirus.
28 February 2020
Oil prices have declined to their lowest point since more than a year and are set for their biggest weekly drop in more than four years as the spread of...
27 February 2020
Oil prices fell for fifth day to their lowest since January 2019 as the number of new coronavirus cases outside China surpassed the number reported in China for first time.
26 February 2020
Oil prices have increased on short-covering and hopes for deeper output cut by OPEC+ countries, despite continued coronavirus fears.
25 February 2020
Oil prices have edged-up as investors snapped up bargains after crude dropped nearly 4% in the previous trading session.
24 February 2020
Oil prices have fallen by 3% as investors have concerns about falling demand due to the rapid spread of coronavirus Covid-19 outbreak cases beyond China.