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Bloomberg: Only the old hands at the Coffeyville oil refinery could remember anything like the prices posted this month. The small Kansas plant in the heart of rural America was offering just US$1.75 a barrel for Wyoming sweet crude.
NEW YORK: Oil prices dropped more than US$1 a barrel on Thursday as a growing number of virus-related restrictions on travel slashed global fuel demand, overshadowing expectations that a $2 trillion U.S. stimulus package will bolster economic activity.
MELBOURNE: Oil prices were mixed on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
NEW YORK: As oil crashes, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are even worse.
NEW YORK: Oil prices rose modestly on Tuesday, but settled off the day's highs as the coronavirus pandemic's heavy toll on demand offset hopes for a forthcoming US$2 trillion U.S. economic relief package.
NEW YORK: Oil prices inched higher on Monday, while U.S. gasoline prices plunged more than 30% to a record low as global restrictions on travel to slow the spread of coronavirus destroyed demand for fuel
PETALING JAYA: Shares on Bursa Malaysia failed to hold the gains from last Friday, spooked by steep falls across the region with authorities worldwide struggling to contain the worsening coronavirus (Covid-19) pandemic.
HONG KONG: Asian markets were hammered on Monday (March 23) despite massive economic stimulus efforts worldwide, with investors spooked by the relentless march of the Covid-19 (coronavirus) pandemic.
NEW YORK: Oil prices fell more than US$1 a barrel at the start of the trading session on Sunday(Monday in Malaysia), as more governments ordered lockdowns to curb the spread of the global coronavirus pandemic that has slashed the demand outlook for crude.
WHILE some oil and gas (O&G) stocks on Bursa Malaysia staged a rebound after a streak of losses, the question remains if their uptrend can be sustained especially with the volatility in crude oil prices.