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NEW YORK: Oil prices edged higher on Thursday as investors hoped the world's biggest producers would cut output more while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oilimporter China.
NEW YORK: Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments have not yet been found.
NEW YORK: oil prices retreated further on Thursday, adding to sharp losses in the previous session as the market shifted focus toward rising U.S. crude stocks and away from worries about the conflict between the United States and Iran.
NEW YORK: Oil prices rose on Monday to three-month highs, lifted by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following U.S. air strikes in Iraq and Syria
MELBOURNE: Australian mining magnate Gina Rinehart’s (pic) fortune swelled US$2.1bil after her closely held company reported improved financial results on the back of higher iron ore sales.
NEW YORK: Oil prices fell on Monday after four days of gains as expectations U.S. crude stockpiles will rise and worries about weak Chinese industrial data offset hopes oildemand will increase if talks progress on a Sino-American trade deal.
SINGAPORE: Oil prices extended their losses from the previous session on Wednesday, after Saudi Arabia's energy minister said the Kingdom will restore lost oil production by the end of the month.
HOUSTON: Oil prices weakened on Monday after new import tariffs imposed by the United States and China came into force, raising concerns about a further hit to global economic growth and demand for crude.
SELF-PROCLAIMED eco-warriors, Prince Harry and Meghan Markle found themselves facing a barrage of criticism when news broke out that they took a private jet to southern France just two days after a flight to Ibiza.
NEW YORK: General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report that sent GE’s shares tumbling.