SINGAPORE: Oil edged up on Friday as the dollar fell to an almost two-year low, although demand concerns stemming from rising coronavirus cases and U....
Oil edged up on Friday as the dollar fell to an almost two-year low, although demand concerns stemming from rising coronavirus cases and U.S.-China tensions kept a lid on prices.
"Crude prices are attempting to stabilize as expectations still remain high that Congress will be successful in delivering another pandemic relief package" for the United States, said Edward Moya, senior market analyst at OANDA in New York. The United States on Thursday recorded over 1,000 deaths from COVID-19, marking the third straight day the nation passed that grim milestone as the pandemic escalates in its southern and western states. Globally, more than 15 million have been infected and over 620,000 have died.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Palm Oil-God's Gift' is new slogan for palm oil campaign, says Commodities MinisterKUALA LUMPUR: The “Love My Palm Oil” campaign has been replaced with a new slogan, says Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali.
Read more »
Oil prices fall as US crude stockpiles rise unexpectedlyNEW YORK: Oil prices fell today as US government data showed a surprise rise in US crude inventories, and as tensions escalated between the United Sta...
Read more »
Oil ticks up, but gains capped by demand destructionSINGAPORE: Oil prices ticked higher on Thursday, although gains were limited by a surprise increase in U.S. crude oil reserves as the coronavirus pand...
Read more »