MELBOURNE (Reuters) - Oil prices fell on Wednesday, ending a multi-day streak of gains, as investors focused on oversupply risks after U.S. crude inventories rose more than expected amid a slump in demand caused by restrictions to halt the coronavirus spread.

The American Petroleum Institute (API) estimated on Tuesday another large crude oil inventory build, of 8.440 million barrels for the week ending May 1 as the demand destruction continues and storage space nears its upper limits.

The Rubber Board has exhorted the tyre industry to source natural rubber from the domestic market and restrict imports to the bare minimum.

KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) views seriously and will not compromise with manufacturers, who flouted the rules, especially those who were allowed to operate during the Movement Control Order (MCO) period.

MUMBAI – Rubber contracts closed lower on the Indian Commodity Exchange today as overall sentiment remains bearish after the ongoing nationwide lockdown was extended to May 17, hitting trade in key markets of Kerala.

SINGAPORE (Reuters) - The dollar handed back a sliver of recent gains to commodity currencies on Tuesday as oil prices bounced back, but hung on against the yuan as traders weighed optimism about a coronavirus recovery in China against fears about rising Sino-U.S. tensions.