Arab stock markets plunged almost a quarter in value in the first three months of 2020 due to the coronavirus pandemic and the collapse in oil prices, a U.N. agency said Thursday. "The drop in oil prices and the COVID-19 pandemic resulted in a 23-percent average loss for major Arab stock...

Oil prices were up on Thursday with a surprise decline in US crude oil inventories and a fall in gasoline stocks that exceeded market expectations. International benchmark Brent crude was trading at $29.52 per barrel at 0640 GMT for a 1.13% increase after closing on Wednesday at $29.19 a...

 Oil prices fell on Wednesday as potential OPEC+ plans to deepen supply cuts were overshadowed by demand concerns exacerbated by a possible second wave of coronavirus infections as countries ease lockdowns. Brent crude LCOc1 dropped 56 cents, or 1.9%, to $29.42 a barrel by 0855 GMT,...

Chancellor of the Exchequer Rishi Sunak warned the U.K. is facing a significant recession after a report showed the economy shrank almost 6% in March. The sharp decline is only a small part of the damage of the coronavirus lockdown, which was in place for all of April and is set to endure...