Oil futures rose sharply on Tuesday, setting prices for their biggest settlement since early March, as markets become more positive about the world’s ability to tackle the COVID-19 pandemic that has crushed oil demand. and its by-products. A landmark stimulus package forged by the 27-nation European Union after marathon negotiations …
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Oil futures rose cautiously on Monday, buoyed by some recovery in energy demand, even as COVID-19 cases exceed 10 million worldwide, raising the possibility of new closings in parts of the world. world to contain the spread. “As global demand recovers, the natural inclination for oil is to increase as …
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Oil prices lost more than 5% on Wednesday as evidence of an increase in coronavirus cases in many countries raised questions about efforts to restart global economies and data from the US government. USA They reveal a third consecutive weekly increase in national crude inventories. “The real concern is the …
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