US
Euro zone’s economic rebound from its deepest downturn on record stutters
Escalation in US-Iran tension and fall in crude stocks also propping up prices
Prices range bound since mid-June with Brent trading between $40-46 per barrel
US economic stimulus nowhere in sight and trade talks with China postponed
Emergence of new coronavirus hot spots places pressure on fuel demand, prices
IEA says reduced air travel will cut global oil consumption by 8.1m bpd
Stalemate in talks for US stimulus package may weigh on crude prices
Signs of recovering Asian oil demand as economies reopen also boost prices
Traders cautious due to US-China tensions, uncertainty over stimulus package
Distillate stockpiles climb to 38-year high, gasoline inventories rise for second week