Oil gains after crude storage build slows

Oil prices surged more than 10 per cent after US crude stockpiles grew less than expected and gasoline posted a surprise draw, feeding optimism that fuel consumption will recover as some European countries and US state ease coronavirus lockdowns. Crude prices crashed...

Crude price falls on stockpile build

US crude prices settled lower, falling about 3.0 per cent as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production during the COVID-19 pandemic. However, markets were supported on hopes of demand...

Crude rebounds from more-than 20-year low

Brent crude oil rebounded from two days of losses and US futures surged bolstered by tentative talk of additional supply cuts from OPEC producers and US inventory builds that were less dire than some expected. Oil trading has been more volatile than ever in recent...

Asia stocks fall after US crude collapses

Asian share markets have slipped to two-week lows as the floor fell out from under crude prices, exposing the deep economic damage wrought by the global coronavirus health crisis. Skittish investors sought the safety of government debt as Brent oil futures plunged for...

US stocks fall as crude prices collapse

US stocks retreated for a second straight day as a collapse in crude prices and glum annual profit forecasts by companies foreshadowed the biggest economic slump since the Great Depression due to the coronavirus outbreak. Almost all the major S&P 500 sub-sectors...