Oil prices climb, helped by supply curbs

Oil prices climb, helped by supply curbs

Oil prices rose overnight, supported by signs that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Brent crude futures gained 64 US cents, or 1.8 per cent, to settle at $US36.17 a barrel....
Oil prices climb, helped by supply curbs

Oil steadies amid demand concerns

Oil prices edged up overnight in sluggish trading with holidays in Singapore, London and New York, as rising concerns over demand recovery offset supply cuts. Brent rose to $US35.81 a barrel by 1659 GMT, while US oil was flat at $US33.74 a barrel. Both are down around...
Oil prices climb, helped by supply curbs

Oil down on China-US tensions

Oil prices have tumbled about 2 per cent on rising US-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. Fuel demand plummeted in recent months as the pandemic caused governments to impose restrictions on movement and...
Oil prices climb, helped by supply curbs

Oil rises on lower US stocks, more demand

Oil prices rallied overnight after US crude inventories fell in the most recent week, but gains were capped by worries over the economic fallout from the coronavirus pandemic and weak refining margins. Oil futures have staged a recovery from recent weakness as...
Oil prices climb, helped by supply curbs

Asia shares, oil rally on vaccine hopes

Asian shares have jumped and oil has extended gains on optimism the global economy would recover quickly following a successful early-stage trial of a coronavirus vaccine, while the euro hovered near a two-week top. MSCI’s broadest index of Asia Pacific shares...