Oil falls on coronavirus demand concerns, weak U.S. jobs numbers
Thursday, 23 July 2020 () NEW YORK — Oil prices fell 2% on Thursday as investors worried the U.S. Congress may not agree on a stimulus package and as jobless numbers rose, while analysts prepared to cut energy demand forecasts as the number of coronavirus cases surges higher. That price decline came despite the benefit of a drop in the dollar to a near 22-month low. Brent futures fell 98 cents,...
A new report from the CDC reveals that the number of people infected with COVID-19 in the first months of the pandemic could be 10 times higher than previously predicted. The report comes after President Trump held his first coronavirus briefing since April yesterday.
ExxonMobil posted a $1.1 billion second-quarter loss and Chevron lost $8.3 billion as oil prices crashed and a global pandemic sparked a drop-off in worldwide demand for oil. Conway G. Gittens has the..