Oil and stocks fall as markets still rattled by Fed minutes

Oil and stocks fall as markets still rattled by Fed minutes

LONDON, Aug 20 (Reuters) – The Federal Reserve’s doubts over the U.S. economic recovery kept markets in the red on Thursday, even though European stock indexes spent the morning recovering from initial losses. Wall Street was knocked from its recent highs on Wednesday after the Fed’s minutes from its July meeting spooked investors by showing …

“This administration has shown that it will tear our democracy down if that’s what it takes to win,” Obama said. PHILADELPHIA — Former President Barack Obama warned Wednesday night that American democracy may not survive if President Donald Trump is reelected, a damning assessment of his successor intended to jolt Democrats into rallying around Joe …

Oil recovery slower than expected – OPEC+

Oil recovery slower than expected – OPEC+

TOKYO, Aug 19 (Reuters) – Oil prices slid on Wednesday as concerns grew that U.S. fuel demand may not recover quickly amid stalled talks on a post-coronavirus economic stimulus package, overshadowing a bigger-than-expected drawdown in U.S. crude stocks. With investors keeping one eye on a key producer countries’ ministerial meeting later in the day, Brent …

EIA Petroleum Report for week ending August 14, 2020

EIA Petroleum  Report for week ending August 14, 2020

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.6 million barrels from the previous week. At 512.5 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year.  U.S. crude oil refinery inputs averaged 14.5 million barrels per day during the …

The American Petroleum Institute (API) reported a draw in crude oil inventories week ending August 14

The American Petroleum Institute (API) reported a draw in crude oil inventories week ending August 14

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.264 million barrels for the week ending August 14 A large build in gasoline inventories which offset a modest draw in crude oil inventories cooled bullish sentiment in markets somewhat on Tuesday afternoon. Oil prices were trading down on Tuesday …

Covid-19 Vaccine Push Lacks a Key Ingredient: Trust

Covid-19 Vaccine Push Lacks a Key Ingredient: Trust

(Bloomberg Opinion) — In the war against the coronavirus, only one weapon has the potential to ease the conflict quickly: a vaccine. With about 164,000 Americans dead from Covid-19, the economy battered and communities forced into recurring lockdowns, the federal government has made a $10 billion wager that public funds and expertise wedded to private …