Oil prices bounce back after big losses on Tuesday
However, there is concern that a record global output cut by producers will not offset falling fuel demand due to efforts to contain Covid-19
15 April 2020 - 08:50
Tokyo — Oil prices climbed on Wednesday, bouncing back from the previous session's large losses, as investors looked for bargains, supported by hopes that consuming countries will look to fill their strategic reserves.
Still, worries about oversupply amid global coronavirus-related lockdowns and a warning from the International Monetary Fund (IMF) about a deep recession kept gains in check...
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