Oil falls 3%, heads for weekly drop on demand concerns

NEW YORK (Reuters) – Oil prices fell more than 3% on Friday, headed for their biggest weekly decline since June as concern around a slow economic recovery from the COVID-19 pandemic added to worries about weak oil demand. Brent crude

Oil set to post weekly drop on lacklustre demand

SINGAPORE (Reuters) – Oil prices slipped on Friday, on track for a weekly loss, as investors’ focus shifted to lacklustre demand and ample fuel supplies, offsetting support from a weak dollar. Brent crude LCOc1 fell 19 cents, or 0.4%, to

Oil edges higher on hopes for U.S. stimulus, demand recovery

SINGAPORE (Reuters) – Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen. Brent crude LCOc1 added 22 cents, or 0.5%, to $45.21 a barrel, as