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World 06 Aug 2020 | 4:22 AM

Oil prices climb after large drop in U.S. inventories

NEW YORK, Aug. 5 (Xinhua) -- Oil prices gained on Wednesday after data showed a hefty drop in U.S. crude stockpiles.

World 05 Aug 2020 | 5:01 AM

Oil prices rise ahead of U.S. inventory data

NEW YORK, Aug. 4 (Xinhua) -- Oil prices climbed on Tuesday as market participants awaited data on U.S. crude stockpiles.

World 04 Aug 2020 | 6:49 AM

U.S. manufacturing activity expands in July amid resurgence in COVID-19 cases

WASHINGTON, Aug. 3 (Xinhua) -- Economic activity in the U.S. manufacturing sector expanded in July amid a resurgence in new COVID-19 infections, the Institute for Supply Management (ISM) reported Monday.

World 25 Jul 2020 | 6:10 AM

Oil prices edge higher in volatile trading

NEW YORK, July 24 (Xinhua) -- Oil prices finished Friday's volatile session with modest gains as coronavirus uncertainty continues to threaten demand outlook.

World 24 Jul 2020 | 4:34 AM

Oil prices slip amid multiple headwinds

NEW YORK, July 23 (Xinhua) -- Oil prices dropped on Thursday as traders grew concerned over an unexpected rise in U.S. crude stockpiles and the country's soaring coronavirus infections.

World 18 Jul 2020 | 12:29 AM

Spotlight: U.S. jobless claims remain elevated, full recovery years away

WASHINGTON, July 17 (Xinhua) -- The United States has seen 17 straight weeks of initial jobless claims as COVID-19 ravages the economy, and it could take years for the labor market to regain the pre-pandemic levels, analysts said.