Oil prices rose more than 1% on Tuesday as recent sharp falls have encouraged in...
FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019.REUTERS/Nick Oxford/File Photo
Brent crude LCOc1 rose 79 cents, or nearly 1.5%, to $54.06 a barrel by 0216 GMT, while U.S. West Texas Intermediate CLc1 was up 63 cents, or about 1.3%, to $50.20. The number of coronavirus deaths on the mainland have now reached 1,016, China’s National Health Commission said, and the number of cases have topped 42,600.
While the virus outbreak is hurting China’s economy - and others affected such as Japan and Singapore - San Francisco Federal Reserve Bank President Mary Daly, said the coronavirus impact on the U.S. economy has been limited.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices edge down as traders assess China's oil demand, await OPEC+ cutsOil prices edged down on Monday but held recent ranges as traders assessed China...
Read more »
Oil prices fall on oversupply worries as virus hits China demandOil prices on Monday extended their decline from an early January peak above $70...
Read more »
Coronavirus to hit Canadian oil sector as energy project hangs in balanceThe spreading coronavirus outbreak will hit Canada's already struggling ene...
Read more »
The coronavirus is a 'black swan' for oil and energy markets, says Ned Davis ResearchNed Davis Research said the coronavirus outbreak is a 'black swan' event for the oil and energy space, and that there could be more downside ahead.
Read more »
Coronavirus to hit Canadian economy, affect oil prices, tourism: finance ministerThe spreading coronavirus outbreak will hit the Canadian economy, in particular ...
Read more »
Oil Prices Could Fall Much Further As Russia Refuses Additional Production CutsFollowing OPEC production cuts in late 2019, the outlook for oil in 2020 was fairly positive. But just a month into 2020, the coronavirus has wreaked havoc on the oil markets
Read more »