oil lossed

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico, U.S., on Thursday, Sept. 10, 2020. With the U.S. oil industry reeling from the collapse in demand this year, the New Mexico shale patch has emerged as the go-to spot for drillers desperate to squeeze as much crude from the ground without bleeding cash. Theres just one problem: Joe Biden wants to ban new fracking there.

Oil slips with global virus surge depressing demand rebound

16/10/2020

by Andres Guerra Luz and Alex Longley, Bloomberg

Oil clung to losses with signs of a shaky U.S. economic rebound and rising global coronavirus cases weighing on the prospect for a demand recovery.