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Oil extends losses on supply overhang, weak outlook

Oil prices extended losses on Thursday as the industry grappled with the growing global surplus of crude and the sharp coronavirus-led downturn in demand, with the outlook still grim despite April data showing a rise in imports into China. Brent crude LCOc1 was down by 24 cents, or 0.8%, to...

Trump vetoes measure limiting his war powers in Iran

U.S. President Donald Trump vetoed Wednesday what he called a "very insulting" congressional resolution seeking to limit his war powers in Iran. In a statement, Trump said he had used his veto because the resolution -- a rare bipartisan rebuke to the president approved in March -- was based...