Oil plunges 25% as another virus-fueled trading week begins

NEW YORK (AP) — Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $11.44, or 25.3%, to $33.83 per barrel in electronic trading in London. Benchmark U.S. crude fell $10.77, or 26.1%, […]

Trump claims Saudi Arabia will boost oil production

BERKELEY HEIGHTS, N.J. (AP) — President Donald Trump said Saturday that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela. Saudi Arabia acknowledged the call took place, but mentioned no production targets. Trump wrote on […]

Global stocks eke out modest gains at start of busy week 

  LONDON (AP) — European stock markets eked out some modest gains Monday after a strong U.S. jobs report helped Wall Street end last week on a high note. However a welter of potential “event risks” this week kept sentiment in check. KEEPING SCORE: In Europe, Germany’s DAX rose 0.2 percent to 11,985 while the […]