°®¶¹´«Ã½

Oil prices fell even as supply curbs tightened the market and demand rebounded with the reopening of major economies.

Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the country’s energy industry.

Oil was near the highest in six weeks as major producers slash supply, and there are increasing signs that demand is recovering.

Like truck drivers, truck stops are struggling during the coronavirus pandemic. But they are still open, working to ensure drivers have the essentials they need.

Oil surged to the highest level since early April on an improving outlook for crude demand, alongside a rally in broader markets.

Oil fell despite the first U.S. stockpile decline since January.

While the global oil market remains in a dire situation, it’s starting to look like the nightmare scenario envisioned for the past month might just be averted.

The average price of a gallon of diesel fuel fell only half a penny nationwide to $2.394 from $2.399 the previous week, according to the Energy Information Administration's weekly report May 11.

Dana Inc. announced Hong Yang joined the company as senior director of electric vehicle systems engineering for its commercial vehicle drive and motion business unit.