Oil drops 4% on China-US tensions, energy demand doubts

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Oil drops 4% on China-US tensions, energy demand doubts

NEW YORK (Reuters) – Oil prices tumbled about 4% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, …
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Stock Market News: Will Airline Stocks Rise When Flyers Return?

The stock market moved lower on Friday morning, with sentiment among investors taking a hit from ongoing nervousness about the reopening of the U.S. economy. Even as people start to return to work and businesses ramp their operations back up, there’s …
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USPS Refuses Orders To Close Denver Sorting Facility That Handles Mail For All Of Colorado And Wyoming

DENVER (CBS4) — A U.S. Postal Service facility in Denver is refusing orders to shut down — after the health department reported multiple COVID-19 cases among employees. The massive sorting facility at 53rd and Quebec handles mail for all of Colorado …
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PRECIOUS-Gold firms as deepening US-China rift lifts demand

… * U.S.-China tensions over Hong Kong unnerve investors globally * Palladium on track for biggest weekly gain since March * Physical gold demand ticks up in Asian hubs * For an interactive graphic tracking the global coronavirus spread, open …
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ECB minutes hint at more policy easing in June

FRANKFURT: The European Central Bank is “fully prepared” to provide even more stimulus as soon as June to support an economy that may shrink by a tenth this year due to the COVID-19 pandemic, the accounts of the bank’s April meeting showed on …
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