Offshore

Oil rally falters with supply fear weighed against stimulus Hope

The oil price's recovery from the massive dive Monday slowed down following skepticism that the U.S. would be unable to provide enough stimulus to protect against the effect of the coronavirus amid a surge of crude oil into the market.
Photo: ESSAM AL-SUDANI/REUTERS / X03713
Photo: ESSAM AL-SUDANI/REUTERS / X03713
BY ELIZABETH LOW, BLOOMBERG

Oil’s rebound from its biggest crash in a generation ran out of steam on skepticism the U.S. would be able to deliver sufficient stimulus to shield against the fallout from the coronavirus amid a deluge of crude.

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