Tag Archives: Crude Oil

Another Plunge Takes Crude Benchmarks To Lowest Levels Since 2002

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

Declining demand and swiftly filling storage have squeezed prices for major U.S. grades of crude New York: Global oil benchmark brent crude plunged to its cheapest level in almost 18 years on Monday and U.S. crude briefly tumbled below $20 a barrel as investors faced the growing prospect that the …

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Crude Oil Futures Drop As Coronavirus Pandemic Darkens Demand Outlook

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

Brent futures were down 6.7 per cent or $1.68, to $23.25 a barrel as of 0249 GMT Melbourne / Tokyo: Crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs …

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US Crude Climbs After White House Comments On Saudi-Russia Dispute

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

U.S. crude futures for April rose 56 cents, or 2 per centto $25.78 a barrel. Singapore: US crude oil prices edged higher on Friday, extending gains after a 24 per cent jump the previous day, buoyed by hints from President Donald Trump he may intervene in the price war between …

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U.S. Crude Climbs After White House Comments On Saudi-Russia Dispute

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

U.S. crude futures for April rose 56 cents, or 2 per centto $25.78 a barrel. singapore: U.S crude oil prices edged higher on Friday, extending gains after a 24 per cent jump the previous day, buoyed by hints from U.S. President Donald Trump he may intervene in the price war …

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Stimulus hopes pull stocks back from abyss

Stimulus hopes pull stocks back from abyss

SINGAPORE (Reuters) – Stocks plunged on Friday with coronavirus panic selling hitting nearly every asset class, before finding some kind of floor as hopes turned to a U.S. stimulus package. Currency dealers walk past an electronic board showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of …

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crude oil price falls 7 per cent after trump travel ban on coronavirus

Crude Oil Plunges 30%, Biggest Drop In 29 Years, After Saudi Arabia Cuts Prices

Oil prices fell on Thursday following surprise travel restrictions imposed by US President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic. The slump in oil is being compounded by the threat of a flood of cheap supply …

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Dollar eases, stocks slide on uncertainty over US stimulus plans

Dollar eases, stocks slide on uncertainty over US stimulus plans

NEW YORK (Reuters) – The dollar weakened and global equities markets slid again on Wednesday, with Wall Street sharply lower, as the previous day’s high hopes of government stimulus to tackle the coronavirus soured on the hard reality of still little action. File Photo: A street cleaning operative walks past …

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UAE Joins Saudi In Opening Oil Taps As Row With Russia Hits Crude Prices

UAE Joins Saudi In Opening Oil Taps As Row With Russia Hits Crude Prices

The United Arab Emirates joined Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two Gulf Arab oil producers in OPEC took a united stand in a standoff with Russia that has hammered global crude prices. The extra oil the two …

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European stock futures jump as BoE joins rate cut party

European stock futures jump as BoE joins rate cut party

TOKYO (Reuters) – Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset economic damage caused by the coronavirus outbreak. A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), …

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Asian shares emerge from rout as stimulus hopes calm panic

Asian shares emerge from rout as stimulus hopes calm panic

SYDNEY/HONG KONG (Reuters) – Asian stocks bounced, and bond yields rose from record lows on Tuesday on hopes that global policymakers would introduce co-ordinated stimulus to cushion the economic impact of a coronavirus outbreak. A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), stands in …

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