Oil falls as Saudi, UAE plan for higher output capacity

LONDON (Reuters) – Oil prices fell on Wednesday after Saudi Arabia and the United Arab Emirates announced plans to boost production capacity and OPEC and the U.S. Energy Information Administration (EIA) cut oil demand forecasts because of the coronavirus outbreak….

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Rising food costs lift U.S. consumer prices in February

WASHINGTON (Reuters) – U.S. consumer prices unexpectedly rose in February but are likely to decline in the months ahead as the coronavirus outbreak depresses demand for some goods and services, outweighing price increases related to shortages caused by disruptions to…

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Futures fall as investors wary of U.S. response to virus

(Reuters) – U.S. stock index futures fell more than 2% on Wednesday after strong gains in the previous session, on skepticism about President Donald Trump’s stimulus plan to combat the economic impact of the coronavirus epidemic. Expectations that Trump would…

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