Oil prices edged higher on Tuesday as the U.S. government forecast higher fuel demand and lower production, overshadowing concerns that a surge in new coronavirus cases will hamper a demand recovery. “The market is popping because of the higher forecast demand, and jobs data,” said Phil...

Wall Street's major indexes climbed Monday as data showing unexpected growth in the US services sector last month and optimism over China's economic revival helped investors look past a surge in new cases of COVID-19 at home. The ISM's non-manufacturing activity index jumped to 57.1 in...

The Lebanese central bank will provide foreign currency at a fixed exchange rate of 3,900 Lebanese pounds per dollar for importers and manufacturers of essential food items, it said on Monday. The central bank “will secure the necessary amounts in foreign currency to meet the needs of...

Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak demand. The plunge in the price of crude oil during the first wave of coronavirus lockdowns -- futures prices briefly turned negative...