by dellons | Jun 16, 2020 | Business News
Oil prices rose 3 per cent in volatile trade overnight as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases. Brent crude futures ended the...
by dellons | Jun 15, 2020 | Business News
Oil prices rose more than 2 per cent overnight as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy. US West Texas Intermediate...
by dellons | Jun 14, 2020 | Business News
Oil was little changed on Friday and logged a first weekly decline since April as new US coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand. Brent settled at $US38.73 a barrel, up 18 US cents, while West Texas Intermediate...
by dellons | Jun 11, 2020 | Business News
Oil prices tumbled by about 8 per cent a barrel overnight, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States. US coronavirus cases surpassed 2 million on...
by dellons | Jun 10, 2020 | Business News
US consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the country’s economy into a recession. The Labor Department said on Wednesday that its consumer price index fell 0.1 per cent last month after tumbling 0.8 per...
