Tag Archives: Reuters International News Agency

Oil Prices Slip on Demand Fears as Virus Cases Surge

Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases and California reimposed some lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.3%, to …

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Oil Rises on Manufacturing Data, U.S. Inventories

Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic recovery and rise in energy demand despite surging coronavirus infections around the world. Brent crude LCOc1 was up $1.19, or 2.9%, to $42.46 a barrel at 0900 …

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Oil Rises after Trump Assurance on China Trade Deal

Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the U.S.-China trade deal. Markets were unsettled by surprise comments from White House trade adviser Peter Navarro, who said the hard-won deal was “over”, though U.S. President Donald Trump later soothed jangled nerves with …

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