Oil rises on lower US stocks, more demand

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 rises on lower US stocks, more demand

Stocks adrift as vaccine rally falters

Asian stocks have struggled to extend the week’s rally and gold and bonds firmed as a sceptical press report dented some hopes for a COVID-19 vaccine and concerns about bumps in the global recovery from the pandemic returned. MSCI’s broadest index of...
Oil rises on lower US stocks, more demand

Stocks fall on renewed virus fears

Stocks and oil prices have fallen as fears about a second wave of coronavirus infections gripped financial markets. Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had to contend with renewed...
Oil rises on lower US stocks, more demand

Asian stocks skid on virus resurgence fear

Asian shares have skidded on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. The central Chinese city of Wuhan reported five new cases on...
Oil rises on lower US stocks, more demand

US stocks slip on fears of new virus wave

The S&P 500 and Dow Jones indexes have retreated after last week’s rally, as investors worry about a second wave of coronavirus infections with the reopening of several economies. Germany and South Korea reported a surge in new COVID-19 cases on Sunday, in...