oil price Archives - British Herald
September 27, 2020
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Business

Oil drops amid persistent oversupply and pandemic fears

TOKYO (Business) – Oil prices fell on Wednesday on persistent worries about oversupply amid global coronavirus-related lockdowns and as the International Monetary Fund (IMF) warned of a deep recession. Brent futures were down 51 cents, or 1.7%, at $29.09 a barrel as of 0735 GMT, giving up earlier gains and extending losses from Tuesday’s 6.7% […]
Business

Oil, shares slip on doubts over Saudi-Russia deal

TOKYO/NEW YORK (Business) – Oil prices retreated on Friday after massive gains, while stocks in Asia edged down, as doubts grew over an oil price deal between Saudi Arabia and Russia that U.S. President Donald Trump said he had brokered. With the coronavirus pandemic raising the risk of a prolonged global downturn, investors continued to […]
Business

Oil extends gains as U.S. output cut hopes grow

TOKYO- Oil prices climbed for a second day on Wednesday as hopes U.S. producers would cut output lent support, but gains were capped by growing doubts about Washington’s stimulus package to fight the coronavirus, which continues to spread globally. Brent crude futures rose $1.26, or 3.4%, to $38.48 a barrel by 0418 GMT, while U.S. […]