TOKYO (Reuters) - Oil prices edged higher on Thursday after data showed U.S. crude inventories fell again, easing concern about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains.

Tokyo Commodity Exchange (TOCOM) futures rose for a second day, closing at a two-month high, as they tracked Shanghai prices, with market sentiment holding firm after a decline in coronavirus cases in China.

Trader anxiety has earned a reprieve, with oil markets dodging one of many bullets after a key U.S. benchmark oil futures contract avoided a repeat of the April fiasco that saw oil futures land in negative territory.

A recyclable rubber material made from waste has been developed by a team of researchers spearheaded in South Australia.

KUALA LUMPUR: Bursa Malaysia slowed its ascent on Wednesday amid a negative report over the success of the early-stage trial of a coronavirus vaccine.

KUALA LUMPUR, May 20 — From September 2015 to March 2020, the government has disbursed a total of RM282.3 million under the Rubber Production Incentive (IPG) scheme nationwide, encompassing two million claims.