BEIJING (July 8): Car sales in China retreated in June following a rare increase the previous month, signalling the world's biggest auto market is facing a bumpy recovery from a two-year slump worsened by the Covid-19 pandemic.

BEIJING (Reuters) - China’s passenger car sales in June fell 6.5% year on year to 1.68 million units, the China Passenger Car Association (CPCA) said on Wednesday.

TOKYO (Reuters) - Oil prices eased in early trade on Wednesday as industry data showing a build in U.S. crude stockpiles and a forecast for U.S. crude output to fall less than anticipated in 2020 added to worries about oversupply.

TOKYO (Reuters) - The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven demand for the U.S. currency.

The Energy Information Administration raised its price outlook for Brent crude to $41 per barrel for the second half of 2020—this is $4 per barrel higher than the EIA’s forecast last month.

On the production side, the ANRPC report pointed out that Covid-19 was to be blamed for the loss of nearly one million tonne potential NR supply across the globe.