crude

Demand for oil products falling worldwide as more govts announce nationwide lockdowns

Hopes Washington will soon reach deal on $2tr coronavirus aid package also lends support

Crude market faces double shock of coronavirus pandemic and Saudi Arabia-Russia price feud

Analysts say gains are likely to be temporary due to tumbling demand, collapse of OPEC+ deal

US, other countries plan to take advantage of low oil prices to fill storage tanks

Coronavirus outbreak threatens demand, crude producers promise more supply

Two main benchmarks are down about 50% from highs reached in January

Prices climbed $2 earlier on hopes that spending cuts by North American producers would lead to a drop in output

Moscow will not back OPEC's call for extra reduction in oil production: source

OPEC agreed to cut output by an extra 1.5m bpd in the second quarter of 2020

Saudi Arabia, other OPEC members are seeking to persuade Russia to join them in large additional production cuts

Both benchmarks rebound in past two days after sliding more than 20% from their January peaks

A rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy

Number of new coronavirus infections outside China exceeds new Chinese cases

Oil-producing countries in Middle East report new coronavirus cases

Crude fell almost 4% on Monday on concern the coronavirus outbreak could turn into a pandemic

Global shares also extend losses with number of infections jumping in Iran, Italy and South Korea

Finance leaders from G20 meet in Saudi Arabia at weekend to discuss risks to global economy

China's reduction in lending rate helped ease worries about slowing demand

S&P Global Ratings expects coronavirus to deliver short-term blow to economic growth in China

Forecasters including IEA have cut 2020 oil demand estimates because of the virus

Commodity remains vulnerable to excess supply, virus-induced economic slowdown in China and other parts of Asia

Investors bet economic impact of coronavirus will be short-lived

Oil demand in China, world's second-largest crude consumer, has plunged because of travel restrictions and quarantines

Says output fell sharply in January as producers implemented a new supply-limiting pact

Investors hope fuel demand in world's second-largest oil consumer, China, may begin to recover from the epidemic

Investors remain wary China's oil demand can take a further hit if coronavirus cannot be contained

Commodity has dropped over 20% from its peak in January after the spreading virus hit demand

Independent refineries in China's Shandong province cut output by 30-50% in little more than a week

Markets attempt to assess economic damage of coronavirus that has spread to around 20 countries

Market considers possibility of an early OPEC meeting as well

Oil rises as markets wait for virus impact, US stocks fall

Europe's Stoxx 600 and Wall Street futures bounce 0.5% from Monday's closing levels

Beijing is world's second-largest oil consumer; slowdown in travel will show up on demand forecasts

Price decreases on expectations a well-supplied market will absorb disruptions

Two large production bases in Libya began shutting down amid military blockade

US Senate's approval of changes to US-Mexico-Canada FTA boosts mood

International Energy Agency expects oil production to outstrip demand

US President Trump, Chinese Vice Premier Liu due to sign Phase 1 agreement today

Signing of initial US-China deal can boost economic growth and demand

Tweets by Trump, Iran's foreign minister appear to signal a period of calm

Earlier, Brent reached its highest since September while WTI rose to its strongest since April

Concerns heighten about escalation in Middle East conflict and possible impact on oil supplies

January also marks scheduled start of deeper output cuts by OPEC and allies

Brent gains about 24% in 2019 and WTI rises 35%

EIA expects average crude prices to be lower in 2020 than in 2019 owing to rising inventories

Volume of oil trade remains thin in Christmas holidays and new year breaks

Prices also got support from lower US crude inventories

OPEC, Russia agree to continue cooperation to support the market

Prices hold near three-month highs on hopes of a US-China trade deal