You are here

Oil comes off lows as hopes of Opec cut, stimulus counter virus gloom

WH_opecpoilprices _020320.jpg
Oil prices rebounded more than US$1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by Opec and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.

[SINGAPORE] Oil prices rebounded more than US$1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by Opec and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.

Brent crude was at US$51.31 a barrel...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes