Reuters LONDON – Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures that can boost demand. Brent was up 68 cents, or 1.2%, at $60.02 a barrel by 1442 GMT, while U.S. West Texas
CNBC Stocks clawed back some of the steep losses that followed President Donald Trump’s coronavirus diagnosis after House Speaker Nancy Pelosi signaled aid for the airline industry could be coming soon, perhaps even as part of a much-anticipated broad relief bill. The Dow Jones Industrial Average was down more than 400 points at one point after Trump said he tested
Reuters LONDON – Oil prices were broadly stable on Friday in early U.S. trading, as expectations of stimulus programmes balanced concerns about the recovery in fuel demand as coronavirus cases surged, while major crude producers prepared to lift output. Brent crude futures fell 15 cents to $43.22 a barrel by 1350 GMT. U.S. West Texas Intermediate (WTI) crude dropped 5
