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NEW YORK: Oil prices edged higher on Monday, supported by a weaker U.S. dollar but gains were capped by concerns about the impact on demand from rising coronavirus cases in India.
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude.
SINGAPORE: Oil prices extended gains on Friday and were on course for a weekly gain of more than 6% with an improved oil demand outlook and strong economic recoveries in China and the United States offsetting concerns about spikes in COVID-19 infections.
NEW YORK: Oil prices settled higher Tuesday on strong Chinese import data, but the rally was capped by concerns that pauses on the Johnson & Johnson vaccine could delay economic recovery and limit oil demand growth.
NEW YORK: Oil prices rose on Monday on optimism over the pace of coronavirus vaccinations in the United States and after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites.
BENGALURU: Australian shares ended lower on Friday, as the country joined a host of others in restricting the use of AstraZeneca's COVID-19 vaccine and began overhauling its inoculation plans, though the index still delivered its best week in nine.
TOKYO: Crude prices fell on Thursday after official data showed a big increase in U.S. gasoline stocks, sparking concerns about demand weakening in the world's biggest oil consumer as crude supplies around the world rise.
Oil prices settled up more than $2 despite news that OPEC+ reached a deal to gradually ease production cuts from May. Brent crude settled up US$2.12, or 3.4%, to $64.86 a barrel. US oil settled up US$2.29, or 3.9%, at $61.45 a barrel.
NEW YORK: Oil prices settled up more than US$2 Thursday despite news that OPEC+ reached a deal to gradually ease production cuts from May.
TOKYO: Crude prices rose on Thursday, recouping some of the previous session's losses as hopes grew that OPEC and its allies later on Thursday would decide to keep curtailing production in place in the face of resurgent COVID-19 infections in some regions.