Oil benefits from governments’ promise of support
Brent crude rises 0.8% as International Energy Agency head urges major producers to help stabilise oil markets
27 March 2020 - 07:26
Tokyo — Oil prices rose on Friday as governments around the world pledged a huge injection of funds and other measures to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil.
Brent crude was up 22c, or 0.8%, at $26.56 a barrel by 4.15am GMT. US crude was up 42c, or 1.9%, at $23.02...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.