Oil sinks after record US crude build

Vinson

US crude prices fell to an 18-year low and Brent lost more than 6.0 per cent after the United States reported its biggest weekly inventory build on record, while global demand is expected to fall to quarter-century lows due to the coronavirus pandemic. The grim figures undercut the positive feeling […]

Shares slip, crude mixed as gold jumps

Vinson

Stocks on Wall Street have mostly slid over concerns of what the coronavirus pandemic will do to corporate earnings while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut. Gold prices rose to their highest […]

Crude prices post biggest one-day gains

Vinson

Crude prices posted their biggest-one day gains on record after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil. Trump said he […]