Production

Oil steady as spike in US Covid-19 cases offsets signs of demand recovery

US gasoline stockpiles fall but prices fail to gain ground as the US reports more than 60,000 new coronavirus cases

Little movement: signs of a recovery in US gasoline demand was offset by a record number of new Covid-19 cases in a single day in the US
Little movement: signs of a recovery in US gasoline demand was offset by a record number of new Covid-19 cases in a single day in the USPhoto: AP/SCANPIX
  • Reuters
Published 9 July 2020, 05:35Updated 9 July 2020, 05:35
USALachlan ShawNational Australia BankOpecIraq