Oil prices mixed as coronavirus cases rise again
SINGAPORE – Oil prices showed a mixed market reaction on Monday, with Brent crude edging higher, supported by tighter supplies as the United States recorded a spike in coronavirus cases over the weekend.
“There will be some kind of decline in demand if cases were to increase as people will stay at home,” said Howie Lee, an economist at Singapore’s OCBC bank. “The pace of US demand recovery will not be as steep as expected.” “We will get a better idea of what impact tighter restrictions in several states have had on gasoline demand with the EIA report this week,” ING said in a note.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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