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Oil Declines Amid Spread of New COVID-19 Strain

Oil prices continued their downward momentum on Tuesday, following the sharp losses in the previous session as several countries closed their borders to British travellers and freight after the spread of a new strain of the novel coronavirus in the United Kingdom. Brent crude was trading down 0.4 percent at …

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Russia to U.S. President-Elect: Don’t Upset the Oil Market

Russia hopes the incoming administration of U.S. President-elect Joe Biden will not derail producer nations’ action to boost oil markets, Russia’s Deputy Prime Minister Alexander Novak said on Monday. Russia, other leading oil producers and the Organization of the Petroleum Exporting Countries, a group known as OPEC+, have joined forces …

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