Oil prices drop amid supply glut, fears of second coronavirus wave

Oil prices fall 1% as glut weighs

FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. Picture taken November 24, 2019. REUTERS/Angus Mordant/File Photo NEW YORK (Reuters) – Oil prices opened about 1% lower on...
Oil spurt lifts stocks out of three-day losing streak

Oil spurt lifts stocks out of three-day losing streak

LONDON (Reuters) – Stock markets snapped a three-day losing streak on Tuesday and oil was on its longest run of gains in nine months as moves to ease major economies out of their coronavirus lockdowns lifted sentiment. FILE PHOTO: People are seen on a pedestrian...