Oil price rally loses power as Brent and WTI deflated again

Oversupply worries return to haunt market

Up, up and ... awry? Crude prices were given a lift this week as lockdown measures began to ease in some countries, but significant headwinds mean oil and gas players are not likely to get too inflated, yet — Up, up and ... awry? Crude prices were given a lift this week as lockdown measures began to ease in some countries, but significant headwinds mean oil and gas players are not likely to get too inflated, yetPhto: RYTIS DAUKANTAS/UPSTREAM

Nassir Shirkhani

London

Published 6 May 2020, 15:43Updated 6 May 2020, 15:43

Oil price USA West Texas Intermediate Opec API