Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the coronavirus pandemic and rising supply.
Brent crude was 29 cents, or 0.7%, lower at $44.67, heading for a flat week. US West Texas Intermediate slipped 25...
The International Energy Agency lowered its global oil demand forecasts for the first time in several months in its latest report, as the number of Covid-19 infections remains high and amid ongoing weakness in the aviation sector.
In a closely-watched monthly report, the IEA said it now sees...