Oil steadies amid demand concerns

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 steadies amid demand concerns

Gold firms as US-China spat helps demand

Gold prices will start the week higher after intensifying US-China tensions compounded fears of a slow recovery in a global economy already reeling from the coronavirus pandemic. Spot gold rose 0.6 per cent to $US1,735.08 per ounce by 1743 GMT Friday, after falling...
Oil steadies amid demand concerns

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 steadies amid demand concerns

Oil prices jump on signs of higher demand

US crude prices have reached their highest price since March, on strengthening fuel demand as countries around the world eased travel restrictions they had imposed to curb the spread of the coronavirus. US crude gained 19.7 per cent last week and Brent crude rose 5.2...
Oil steadies amid demand concerns

Oil rises 5% on output cuts, demand hopes

Oil producers will be hoping for a third consecutive week of gains as more countries relax lockdowns intended to halt the coronavirus pandemic. Oil prices settled 5 per cent higher on Friday in their second consecutive week of gains as US producers cut production with...