Thursday, May 15, 2025
Oil steady as Asian states seek to offset virus hit to economies- oil and gas 360

Oil steady as Asian states seek to offset virus hit to economies

Houston Chronicle Oil steadied near $57 a barrel in London as China and other Asian states promised economic stimulus to offset the impact of the coronavirus, buoying the outlook for fuel demand. Prices recovered more than 5% last week, the biggest gain since September, as some of the fears over how far the infection will hurt the global economy abated.