Oil on Track to Post the Largest Weekly Loss of Up to 6% as Covid Bite
WTI crude recovered less than $0.5 on Friday to trade at about $69.40 a barrel, but the gain was not sufficient to erase as much as 6% losses sustained since…
OPEC under Pressure to Ease Oil Output Cuts Despite Weak Demand Outlook
OPEC is piling pressure on its members and allies to delay or water down output cuts planned for January, according to Bloomberg. OPEC and its allies had cut 2021 forecasts…