Deaths from COVID-19 topped 150,000 in the United States on Wednesday, while Brazil, with the world’s second-worst outbreak, set new daily records of confirmed cases and deaths.“As long as we’re recording new daily cases, the risk for oil demand is just too strong,” said Vivek Dhar, a commodities analyst at Commonwealth Bank of Australia.5 million barrels per day to global supply.“It wasn’t all good news, with signs that demand is still struggling to grow,” ANZ analysts said in a note.  
Energy Information Administration reported a sharp, unexpected 10.Both benchmark contracts hovered around unchanged levels after having jumped on Wednesday after the U.end-ofTags: oil prices, coronavirus, fuel demand, oil producers, oil demand, oil and gas, crude oilLocation: Australia, Victoria, Melbourne. West Texas Intermediate (WTI) crude futures fell 6 cents, or 0.2%, to $43.Analysts said the mixed price moves on Thursday were due to demand concerns with COVID-19 infections increasing and raising the prospects for lockdowns to be reimposed.REUTERS   Published:  Jul 30, 2020, 8:56 am IST Updated:  Jul 30, 2020, 8:56 am IST The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1. (AFP Photo)MELBOURNE: Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand would stutter just as major oil producers are set to raise output in August.
The potential hit to the demand rebound comes just as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, are set to step up output in August, adding about 1.68 a barrel. gasoline and distillate stocks, which include diesel and heating oil, both rose against expectations for inventories to fall - highlighting the patchy nature of the recovery in fuel demand.S.
However, at the same time U.U.S. New infections in Australia hit a record on Thursday.6 million barrel drop in crude stockpiles last week.2%, to $41.21 a barrel at 0130 GMT, while Brent crude futures lost 7 cents, also 0.“If we see lockdowns or partial lockdowns, transportation gets hit disproportionately. Transportation accounts for two-thirds of oil demand,” Dhar said.5 million bpd to global supply Oil prices dipped on Thursday as a surge of coronavirus infections around the globe conical twin screw barrel Factory raised fears a rebound in fuel demand.

02.14 per cent to Rs 4,273 per barrel on Monday as speculators created fresh positions on firm global cues.43 per cent to USD 60.On the Multi Commodity Exchange, crude for delivery in September contracts was trading higher by Rs 358, or 9. Meanwhile, Brent crude, the international benchmark rose 10.
Crude oil prices witnessed a sharp spike following the weekend drone attack on Saudi Arabian oil facilities, cutting global energy supplies and reportedly halving the kingdom39;s production.New Delhi: Crude oil prices rose 9.
Analysts said raising of bets by participants mainly kept crude prices to trade higher.On the China Wood plastic crust foam screw barrel Manufacturers Multi Commodity Exchange, crude for delivery in September contracts was trading higher by Rs 358, or 9.69 per barrel in New York.
The West Texas Intermediate was trading higher by 9.end-ofTags: crude oil, multi commodity exchange, brent crude, west texas intermediateLocation: India, Delhi, New Delhi.Analysts said raising of bets by participants mainly kept crude prices to trade higher.14 per cent to Rs 4,273 barrel in 51,535 lots.14 per cent to Rs 4,273 barrel in 51,535 lots.74 per cent to USD 66.
That points to a 2020 surplus of about 70,000 bpd, which is less than indicated in previous reports.Optimism that the United States and China may soon sign an agreement to end their trade war helped support prices after White House economic adviser Larry Kudlow said a deal was “getting close”, citing what he called very constructive discussions with Beijing.2 million barrels, the Energy Information Administration said, exceeding the 1. stockpiles, something that would often lead investors to sell.8 million bpd, the EIA said in its weekly report.58 million bpd next year, 1.2 million barrels per day (bpd), and in July, renewed the pact until March 2020.The rosy mood came after the Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday it expected demand for its oil to fall in 2020.West Texas Intermediate crude was up 21 cents, or 0.“There’s no reason to extend the cuts, we all know the economies are softening,” he said