Oil prices rise on supply concerns, China demand outlook brightens
By Laura Sanicola (Reuters) – Oil prices rose for a second day on Tuesday on supply concerns after an earthquake shuttered a major export terminal in Turkey and a field in the North Sea shut unexpectedly, while demand in China, the world’s biggest importer, looks set to increase. […]
Oil sinks over 8% in 2 days to below $79, biggest one-day loss in 3 months
Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising Covid cases. Brent futures fell $3.70 to $78.40 a barrel, a 2.9 per cent loss. US crude dropped 3.5 […]