TOKYO (Reuters) - Oil prices fell on Friday after China failed to set an economic growth target for 2020, sparking concerns that the fallout from the coronavirus pandemic will cap fuel demand in the world’s second-largest oil user.

TOKYO (Reuters) - Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions that were imposed to counter the coronavirus pandemic.

TOKYO (Reuters) - The dollar held gains against major currencies on Friday as worries about renewed diplomatic tensions between the United States and China supported safe-haven demand for the greenback.

WASHINGTON (Reuters) - Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.

The U.S. Administration has been approving royalty rate cuts for producers on federal land on a case-by-case basis, with rates cut on at least 76 leases in Utah in recent weeks, Reuters reported on Thursday, citing data from a government database.

The OPEC+ coalition appears determined to ease the global oil glut and lift the oil prices that had cratered in April because of OPEC+ wrangling and crashing global demand in the pandemic.