[ad_1] © Reuters. By Peter Nurse Investing.com – Oil prices rose on Thursday, rebounding amid hopes that moves to correct the nature of market oversupply may be having some effect. At 10:15 a.m. ET (1415 GMT), futures were up 17% more at $ 17.68 a barrel, while the benchmark international …
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[ad_1] NEW DELHI: Negative oil prices, ships lost at sea with unwanted cargo, and merchants getting creative about where to store oil. The next chapter of the oil crisis is now inevitable: large sectors of the oil industry are about to begin to close. The economic impact of the coronavirus …
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[ad_1] © Reuters. By Barani Krishnan Investing.com: From an unloved market, US crude has become something that oil traders seem not to have enough of. West Texas Intermediate, the benchmark for New York-traded crude futures, has gained 65% since Tuesday’s deal, rising like a phoenix from the ashes of Black …
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[ad_1] Representative image (Reuters). Oil prices have plunged about 80% this year as the pandemic has spread across the world, killing nearly 180,000 people, routing financial markets and causing the worst economic collapse since the depression of the decade. from 1930. Reuters TOKYO Last update: April 22, 2020 1:51 PM …
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