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U.S. oil returns to positive territory after crash

U.S. oil prices rebounded above zero Tuesday, a day after futures ended in negative territory for the first time as a coronavirus-triggered collapse in demand leaves the world awash in crude. In afternoon Asian trade, US benchmark West Texas Intermediate for May delivery was changing hands...

Abu Dhabi borrows $7bln as low oil price bite

The emirate of Abu Dhabi said Sunday it had sold $7 billion of bonds in the third major sale this month by Gulf sovereigns seeking to counter slumping oil prices. OPEC kingpin Saudi Arabia last week raised $7 billion in a bond sale, while gas-rich Qatar sold bonds worth $10 billion two...

Oil rises as Trump plans to ease lockdown

Oil prices rose on Friday as President Donald Trump laid out plans to ease the U.S. coronavirus lockdown and on reports, later played down, that a drug may potentially help treat COVID-19. Brent rose by 54 cents, or 1.9%, to $28.36 a barrel by 1133 GMT, and U.S. crude CLc2 for June was up 4...