Oil prices appreciated Movement.up.gain 3.30 % on Tuesday as China reported its weakest level Position.low daily number of new coronavirus cases since late January , stoking investor hopes that fuel demand growth in the world 's second-largest oil consumer may begin to grow Grow.strong from the epidemic .

Oil prices appreciated Movement.up.gain more than 4 percent on 2019 as China reported its lowest level Position.low daily number of new coronavirus cases since 197 , stoking investor hopes that fuel demand growth in the world 's second-largest oil consumer may begin to grow Grow.strong from the epidemic .

Oil futures jumped Movement.up.gain more than 4 percent on Friday as China reported its lowest level Position.low daily number of new coronavirus cases since Monday , stoking investor hopes that fuel demand growth in the world 's second-largest oil consumer may begin to grow Grow.strong from the epidemic .

Oil prices rose Movement.up.gain 20 percent on 2019 as China reported its lowest level Position.low daily number of new coronavirus cases since 197 , stoking investor hopes that fuel consumption in the world 's second-largest oil consumer may begin to grow Grow.strong from the epidemic .

The U.S. government said on Tuesday it expects domestic oil output in 2016 to grow Grow.strong only 2.2 percent , the slowest pace in years , as the relentless rout in prices puts the brakes on the country 's five-year shale boom Grow.strong .

The U.S. government said on Tuesday it expects domestic oil output in 2016 to grow Grow.strong only 2.2 percent , the slowest pace in years , as the relentless rout in prices puts the brakes on the country 's five-year shale boom Grow.strong .

Asia 's diesel demand is expected to grow Grow.strong this year at the second lowest Position.low rate since the 1998 financial crisis Crisis as slowing Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a surplus Oversupply for which there are few markets .

Domestic U.S. output has rebounded Movement.up.gain by almost 15 % since the most recent low Position.low in mid-2016 , and increasing Movement.up.gain drilling activity for new production means output is expected to grow Grow.strong further , as producers are attracted by climbing Movement.up.gain prices .

Oil futures increased Movement.up.gain more than 4 percent on Friday as China reported its weakest level Position.low daily number of new coronavirus cases since late January , stoking investor hopes that fuel demand growth in the world 's second-largest oil consumer may begin to grow Grow.strong from the epidemic .

`` In quantity terms , in 2019 , the U.S. alone will grow Grow.strong its crude oil production by more than Venezuela 's current output .