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Oil prices rally amid falling inventories and hopes of demand recoveryEconomy

Oil prices rally amid falling inventories and hopes of demand recovery

Prices of key global oil benchmarks Brent and US West Texas Intermediate (WTI) have surged on Wednesday following positive news
Texas Oil Regulator Dismisses Decision to Cut Oil Production Amid COVID-19 PandemicEconomy

Texas Oil Regulator Dismisses Decision to Cut Oil Production Amid COVID-19 Pandemic

Texas Railroad Commission (TRC) Chairman Wayne Christian said during a TRC meeting on Tuesday that cutting oil production in the
US oil storage may have room for ‘several hundred million barrelsEconomy

US oil storage may have room for ‘several hundred million barrels

The US is working on ways to expand storage space to add several hundred million more barrels to it, Treasury
New York Stock Exchange Opens Following Historic Drop in Oil PricesEconomy

New York Stock Exchange Opens Following Historic Drop in Oil Prices

Earlier in the day, the price of Brent oil fell below $25 per barrel for the first time since 1