[SINGAPORE] US crude on Monday fell more than eight per cent to below US$17 a barrel, hitting fresh multi-year lows despite a major deal to cut output as the coronavirus pandemic throttles demand. Read more at The Business Times.
They drew a line under their dispute earlier this month when they and other countries agreed to cut output by almost 10 million barrels a day to boost virus-hit markets.
"Crude oil prices remained under pressure, as projections of weaker demand weigh on sentiment," ANZ Bank said in a note.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US crude falls below US$17 a barrelSINGAPORE: US crude on Monday (Apr 20) fell below US$17 a barrel to fresh multi-year lows as the COVID-19 pandemic throttles global demand, ...
Read more »
Coronavirus relief deal for US small businesses may come Monday: TrumpWASHINGTON: US Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and ...
Read more »
Coronavirus relief deal for US small businesses may come Monday: TrumpU.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and could ...
Read more »
Trump announces US$19b relief package for US farmers hurt by coronavirus[WASHINGTON/CHICAGO] President Donald Trump on Friday announced a US$19 billion relief programme to help US farmers cope with the impact of the coronavirus pandemic, including US$16 billion in direct payments to farmers and ranchers and mass purchases of produce, meat and other products. Read more at The Business Times.
Read more »
Asia shares off to cautious start, US crude slidesCaution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the ...
Read more »
COVID-19 relief deal possible on Sunday for US small businesses: OfficialsWASHINGTON: US lawmakers are very close to an agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and ...
Read more »