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(Bloomberg) — Australia’s former treasurer Joe Hockey, who helped oversee a comprehensive free-trade agreement with China, has accused Beijing of bullying and immature behavior as the list of Australian goods targeted for reprisals grows. “The problem is China just doesn’t want to talk,” Hockey, who until January served as Australia’s ambassador to the U.S., said […]

By Sonali Paul MELBOURNE (Reuters) – Oil prices slipped on Tuesday as worries about soaring COVID-19 cases, rapidly rising Libyan supply and U.S election jitters outweighed growing hopes that major producers would hold back on planned production increases. U.S. West Texas Intermediate (WTI) crude (CLc1) futures slipped 6 cents, or 0.2%, to $36.75 a barrel […]

By Florence Tan SINGAPORE (Reuters) – Oil prices slumped more than 4% on Monday to the lowest levels since May on worries a swathe of coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the U.S. Presidential election week. Brent crude (LCOc1) for January was at $36.32 a barrel, down […]

By Yuka Obayashi TOKYO (Reuters) – Oil prices slid about 2 percent on Wednesday, giving up most of the previous day’s gains, as a surge in U.S. crude stocks and growing coronavirus infections in the United States and Europe fanned fears of a supply glut in oil and weaker fuel demand. Brent crude (LCOc1) was […]

By Yasin Ebrahim Investing.com – U.S. oil stockpiles rose sharply last week renewing concerns about the strength of demand at a time when storm-related disruptions in the oil-rich U.S. Gulf of Mexico has stifled output. U.S. crude inventories rose by 4.58 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after […]