Post Tagged with: "oil steady"

Source: Reuters

Oil steady on signs of output cuts but demand concerns weigh


LONDON – Oil prices were steady on Tuesday amid signs that producers are cutting output as promised while traders awaited more clarity on the demand picture as some countries ease out of lockdowns.

Benchmark Brent crude was up 4 …

May 19, 2020 - 9:00 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Houston Chronicle

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 …