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A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016, an exhibition and conference for the refining and petrochemical industries, in Manama, Bahrain, September 27, 2016.

Oil gains after Saudi Arabia says it will cut production further to boost prices

The kingdom's second round of oil production cuts comes after the historic deal with OPEC and its allies in April.

Dow falls 340 points as post-coronavirus unemployment filings exceed 30 million

"We may be past the peak of initial claims, but we aren't out of the woods yet," Daniel Zhao, senior economist at Glassdoor, told Business Insider.

‘Prices could fall to zero’: Brent crude drops to a 2-decade low as the global oil rout continues

Brent slid below $20 a barrel on Tuesday as sentiment from US oil prices turning negative the first time rippled through all markets.

Dow tumbles 592 points as oil crashes below zero for the first time ever

Traders exiting expiring oil-futures contracts have been "driving the already low cost of oil to plunge even further," said Rick Swope of E-Trade.
Crew members look over idle oil rigs in the Gulf of Mexico near Port Fourchon, Louisiana August 11, 2010.

Oil hovers near 18-year low as coronavirus-led demand hit outweighs OPEC production cuts

The coronavirus pandemic may send global oil demand down as much as 9.3 million barrels per day this year, according to the IEA.

Oil surges 12% on hopes that a deal to cut production is coming soon from OPEC and its allies

OPEC and its allies are scheduled to meet virtually starting Thursday after a Monday meeting was rescheduled.

Dow climbs 470 points as oil spikes more than 20%, outweighing record US unemployment filings

Oil surged as much as 35% on Thursday, leading a sharp rally in energy stocks that lifted the entire market.

Oil prices have tanked 12% since coronavirus exploded globally — but key OPEC members swear the alliance will take action to stabilize if needed...

A brief respite from fear around the coronavirus outbreak ended abruptly Monday in a selloff that saw WTI crude fall 3.7% and Brent crude 3.8%.

OPEC cuts oil demand outlook for the year, citing the coronavirus outbreak in China as a ‘major factor’

"The ongoing developments in China require continuous monitoring and assessment to gauge the implications on the oil market in 2020," OPEC said.

Why one Wall Street firm thinks coronavirus is a ‘true black swan’ for oil and energy markets

Depending on how the coronavirus situation is resolved, "outright demand contraction is now on the table," Pies wrote.