please contact sales@tanchin.hk for any inquiry
Oil prices rose on Thursday, but fell as investors tried to assess the effectiveness of central banks' massive stimulus measures in supporting the global economy as the impact of the coronavirus pandemic deepened.
Brent crude oil futures lcoc1 rose 37 cents, or 37%, to $25.25 a barrel at 0355 GMT, after rising to $27.19 at one point. For the third consecutive session, the global benchmark index fell 13% on Wednesday.
US oil clc1 rose $1.44, or 7.1%, to $21.81, after rising nearly 20%. The US benchmark index fell nearly 25% in the previous session.
Edward Moya, senior market analyst at OANDA New York, said: "after a 24% plunge, oil prices have been strengthened by some sell-off weakness, and as us and European leaders release... Aid and stimulus measures,"
In the latest move by a major central bank to mitigate the growing economic and financial impact of the outbreak, the European Central Bank launched a 750 billion euro ($820 billion) emergency bond purchase program after an unscheduled meeting on Wednesday.
Japan is considering giving cash to families because even before the outbreak, when economic growth contracted sharply, Japan faced the possibility of recession, while South Korea and Australia also took action.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

2 X 7322 BECBP DF 2 X 7322 BECBM DT 2 X 7322 BECBM DB 2 X 7322 BECBM DF 2 X 7222 BEGBF DT 2 X 7222 BEGBF DB 2 X 7222 BEGBF DF 2 X 7222 BEGAF DT 2 X 7222 BEGAF DB 2 X 7222 BEGAF DF 2 X 7222 BECCM DT 2 X 7222 BECCM DB 2 X 7222 BECCM DF 2 X 7222 BECBY DT 2 X 7222 BECBY DB 2 X 7222 BECBY DF 2 X 7222 BECBP DT 2 X 7222 BECBP DB 2 X 7222 BECBP DF 2 X 7222 BECBM DT