Oil down on China-US tensions

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 down on China-US tensions

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 down on China-US tensions

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...
Oil down on China-US tensions

Oil prices surge after early vaccine tests

Oil prices overnight jumped to their highest values in over two months on positive early results on a potential coronavirus vaccine, optimism about a resumption in economic activity and signs producers were following through on planned output reductions. Brent futures...
Oil down on China-US tensions

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...