Oil Gains as Governments Pledge Support Amid Coronavirus Chaos

New York Times | Mar 27, 2020 at 4:44 AM
  • Oil prices rose on Friday 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.
  • Brent crude was up 22 cents, or 0.8%, at $26.56 a barrel by 0415 GMT.
  • U.S. crude was up 42 cents, or 1.9%, at $23.02.