E-Paper | June 13, 2026

Oil gains as govts pledge support amid virus chaos

Published March 27, 2020
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Oil prices rose as governments around the world pledged a huge injection of funds and other measures to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil.

According to Reuters, Brent crude was up 22 cents, or 0.8 per cent, at $26.56 a barrel by 0415 GMT. US crude was up 42 cents, or 1.9pc, at $23.02.

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