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Oil falls $1/bbl as resurgent pandemic prompts worries about US demand
NEW YORK: Oil prices fell about US$1 a barrel on Thursday as investors worried that renewed lockdowns to contain the spread of coronavirus in the United States would again sink fuel consumption.
Market in frenzy, volume surges past 2b shares in early trade
KUALA LUMPUR: Traders were very active in early Thursday trade, with penny stocks seeing heavy churning and pushing the total trading volume past two billion shares in less than half an hour.
Oil price settles higher on improving US gasoline demand
NEW YORK: Oil prices settled higher on Wednesday as U.S. gasoline consumption showed signs of a recovery, but price gains were limited by rising crude inventories and an increase in coronavirus infections.
Oil steadies as economic data overshadows coronavirus worries
NEW YORK: Oil prices settled little changed on Tuesday as demand concerns due to a new surge in coronavirus cases overshadowed U.S. government forecasts for lower production
Oil prices slide as spike in US coronavirus cases casts gloom over fuel demand prospects
MELBOURNE/SINGAPORE, July 7 (Reuters): Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand.
Asian stocks set to follow US higher Tuesday
NEW YORK: Asian markets looked set to rise on Tuesday as investors weighed growing expectations of an economic rebound in China and a resurgent U.S. services industry, brushing off worries about a spike in U.S. coronavirus cases.
Oil steady as hopeful economic data face spike in virus cases
NEW YORK: Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices.
Oil prices mixed as coronavirus spike casts doubt on US demand
SINGAPORE, July 6 (Reuters): Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States.
Oil prices mixed as coronavirus spike casts shadow over US demand
SINGAPORE: Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States.
Oil price falls below US$43 a barrel on virus fears
LONDON:Oil fell below US$43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery.