Oil rises after OPEC+ production curbs

Oil prices rose overnight, as optimism about recent commitments from major oil producers to curb production offset concerns that a resurgence in coronavirus cases could hurt fuel demand. Brent crude rose 38 US cents, or 0.9 per cent, to settle at $US41.18 a barrel....

Nasdaq rises as other US indices dip

A rally in tech shares has driven the Nasdaq index higher, with US weekly jobless claims dipping below 2 million for the first time since mid-March bolstering optimism around an economic rebound from the coronavirus-driven slump. The NYSE FANG+TM Index, which includes...

Copper rises on improving demand prospects

Copper prices climbed to three-month highs overnight as stronger manufacturing data from top consumer China and the loosening of lockdowns imposed to contain the coronavirus stoked expectations of healthier demand. Benchmark copper on the London Metal Exchange (LME)...

Oil rises as refineries offset crude build

Oil futures rose about 2 per cent overnight as a steady improvement in US refining activity offset a surprise build in crude and diesel inventories. Brent for July rose 55 cents, or 1.6 per cent, to settle at $US35.29 a barrel on its second to last day as the...

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...