Oil rises on improving economic data

Oil rises on improving economic data

Oil prices rose about $US1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the world. Brent crude gained 69 US cents, or 1.7 per cent, to settle at $US41.71 a barrel. US crude...
Oil rises on improving economic data

Oil rises as US economic data lends help

Oil prices rose about 2 per cent in a volatile session overnight, buoyed by signs of a marginal improvement in the US economy and a tepid rise in fuel demand, but price gains were limited by rising cases of COVID-19 in some US states. Brent crude rose 74 US cents, or...
Oil rises on improving economic data

Wall St up on signs of economic recovery

Wall Street’s three major indexes have risen as the pace of decline in business activity slowed, bolstering hopes that the worst of the coronavirus crisis was over. The Nasdaq hit a fifth record high this month, with Apple Inc providing the biggest boost after...
Oil rises on improving economic data

Wall St gains on economic recovery hopes

US stocks have jumped about 1.0 per cent with the tech-heavy Nasdaq hovering near a fresh record high on hopes of a bounce back in post-pandemic economic activity, as investors shrugged off rising new COVID-19 cases in several US states. The Nasdaq opened above its...