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Oil falls as crude in U.S. storage nears all-time high
SINGAPORE: Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic. U.S. oil futures
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Oil drops over $1 on oversupply after OPEC+ delays meeting
SINGAPORE/NEW YORK: Oil prices slipped more than $1 a barrel on Monday, after the world’s top producers delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand. Brent crude
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