Oil Holds near $32 Ahead of OPEC-Led Talks on Output CutsOil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic.
China Reports No New Coronavirus Deaths for First TimeChina reported no deaths from new coronavirus for the first time since the pandemic began, and a drop in new cases, a day before the central city of Wuhan, where the virus emerged late in December, is set to lift its lockdown, Reuters reported.
Oil Prices Plunge after Producers’ Meeting DelayedOil prices fell as much as $3 a barrel in early Asian trading on Monday, after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut production.
Brent crude traded lower by $2.39 a barrel, or 7 per cent, by 6:16 p.m. EDT (10:16 GMT) after earlier touching a session low of $30.03 a barrel.
Covid-19 Cases Pass 1,2 M, Over 65,000 KilledMore than 1,200,000 people are infected with the novel coronavirus and more than 65,600 others have died of the disease caused by it around the world, according to www.worldometers.info.