TOKYO (Reuters) - Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak ravages the world’s economies.

TOKYO, April 23 (Reuters) - The dollar pushed ahead against the currencies of oil producers on Thursday as a rebound in crude prices from an unprecedented collapse only partially calmed markets unnerved by the massive coronavirus-led drop in global demand.

WASHINGTON/SYDNEY (Reuters) - Asian stock markets rose on Thursday as the combination of a rebound in crude prices from historic lows and the promise of more U.S. government aid to cushion the coronavirus-ravaged economy helped calm nervous markets.

KUALA LUMPUR (April 22): The FBM KLCI closed up 0.16 point at 1,381.89 today after erasing losses with Asian share indices as investors weighed the economic impact of crude oil prices at below US$20 a barrel and as nations contend with the Covid-19 pandemic. Rubber glove manufacturers' share prices rose against such sentiment.

KUALA LUMPUR (April 22): Some investors were seen to be taking profits on rubber glove stocks yesterday and the selling continued this morning, in view of the spikes in these counters to multi-year highs amid the Covid-19 outbreak, which drove the demand for rubber gloves.

BANGKOK (Xinhua): The Rubber Authority of Thailand on Tuesday (April 21) said that the Covid-19 pandemic has given Thai rubber exports a major boost from higher global demand for rubber gloves in the medical industry.