Crude supply, Coronavirus in focus


A kayaker passes in front of an offshore oil platform in the Guanabara Bay in Niteroi, Brazil, Saturday, Feb. 1, 2020.

Dado Galdieri | Bloomberg | Getty Images

Oil prices rose nearly 1% on Thursday, extending big gains from a day earlier, as the market worried about crude supply disruptions and demand concerns were cushioned after a sharp drop in new coronavirus cases at the epicenter of the outbreak.

Tensions in Libya that have led to a blockade of its ports and oilfields have shown no signs a resolution, while U.S. sanctions on a subsidiary of Russian state oil major Rosneft to cut Venezuelan crude from the market have helped rekindle global oil supply worries.

Brent crude futures


Walmart CEO Doug McMillon says ‘too soon’ to forecast coronavirus hit

Previous article

Consider selling some Tesla shares and ‘let the rest run’

Next article

You may also like

Leave a Reply

Notify of

More in Energy