Oil prices rose on Wednesday after a surprise drop in U.S. crude inventories, but demand concerns amid record increases in COVID-19 infections in some U.S. states capped gains. Brent crude futures LCOc1 rose 54 cents, or 1.3%, to $43.76 a barrel by 0923 GMT. U.S. West Texas Intermediate...

A half-dozen US states in the South and West reported one-day records for coronavirus deaths Tuesday and cases in Texas passed the 400,000 mark as California health officials said Latinos made up more than half its cases. Arkansas, California, Florida, Montana, Oregon and Texas each...

China reported 101 new coronavirus cases Wednesday, its highest single-day figure in three months, as gyms, bars and museums closed in infection hotspots. Of the new cases, 98 were domestic infections, mostly in the northwestern region of Xinjiang, where a growing cluster first discovered...

Iran’s elite Revolutionary Guards launched a military drill in the Gulf on Tuesday, the semi-official Tasnim news agency reported, at a time of high tension between Tehran and Washington. There have been periodic confrontations in the Gulf in recent years between the Guards and the U.S....