April 28, 2020 5:39 PM

Global crude oil prices trade mixed on easing coronavirus restrictions

Global crude oil prices were trading mixed today, as optimism about the easing of coronavirus-related restrictions reassured markets, but traders remained cautious with storage capacities filling up fast and supply cuts not deep enough to counter falling demand. So Brent crude oil futures gained 41 cents, to 20.40 dollars a barrel. But US crude oil futures fell 78 cents, to trade at 12 dollars a barrel. From Italy to New Zealand, governments announced the easing of restrictions, although Britain...