Oil prices broadly stable as stimulus hopes balance virus fears
NEW YORK: Oil prices were broadly stable on Friday in early U.S. trading, as expectations of more economic stimulus programmes balanced concerns about the recovery in fuel demand as coronavirus cases surge and major crude-producing nations ready increases in output.
Brent crude futures fell 15 cents to $43.22 a barrel by 12:10 EDT (1610 GMT). U.S. West Texas Intermediate (WTI) crude dropped 6 cents to $40.69. Both contracts were on track to remain broadly flat over the week.
