Crude Stockpiles

Oil prices rebound: US crude futures show modest rise from $0 a barrel, but gains capped on demand concerns

Oil prices have skidded as travel restrictions and lockdowns to contain the spread of the coronavirus curbed global fuel use, with demand down 30 percent worldwide. That has resulted in growing crude stockpiles with storage space becoming harder to find.

Oil prices fall amid concerns over demand as coronavirus spread beyond China; crude producers not to cut output

Adding to pressure on oil prices was the strength of the US dollar as investors looked for safe havens.

No change in petrol, diesel prices as concerns of oversupply, global economic slump keep markets under pressure

Global benchmark Brent was up 0.85 percent, or 49 cents, at $56.75 per barrel