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Oil falls as demand worries counter U.S. stimulus hopes

September 29, 2020
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| business

By Sonali Paul, Koustav Samanta

MELBOURNE/SINGAPORE (Reuters) – Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package.

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, September 15, 2015. REUTERS/Nick Oxford

More than 1 million people have died of COVID-19 as of Tuesday, a Reuters tally showed, with fatalities and infections surging in several countries.

U.S. West Texas Intermediate (WTI) crude futures dropped 22 cents, or 0.5%, to $40.38 at 0438 GMT.

The more-active Brent crude futures for December fell 19 cents, or 0.4%, to $42.68 a barrel. The November contract, which expires on Wednesday, fell 17 cents to $42.26 per barrel.

Commodities markets crept up earlier in the day as Democratic lawmakers unveiled a new $2.2 trillion coronavirus relief bill,

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Big money flows to Trump to counter Bloomberg

September 28, 2020
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| money

But Biden’s advertising advantage over Trump is more concerning for the president. Biden out-paced Trump more than 2-to-1 on the airwaves last week, according to the media tracking firm Advertising Analytics.

Preserve America officials have declined to name their donors, which will be revealed in campaign finance filings next month. But senior Republicans have said they expect the group to receive funding from Las Vegas casino mogul Sheldon Adelson and Home Depot co-founder Bernie Marcus.

Your guide to the year-round campaign cycle.

Adelson, the Republican Party’s most prominent giver, has a long history of cutting seven- and eight-figure checks to super PACs in the closing months of elections. Adelson and his wife, Miriam, have given $50 million to Senate Leadership Fund, a super PAC devoted to protecting the Republican majority in the upper congressional chamber. The couple also gave $20 million to a pro-Trump group during the final weeks of

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