Oil Sinks in Worst Week Since 2008
Oil had it worst week since the financial crisis as panic over the coronavirus pandemic battered global markets. Futures in New York fell 16% this week, marking the biggest weekly Continue Reading
Oil plunges to 14-month lows as coronavirus spread outside China sparks demand fears
Dated Brent was assessed by S&P Global Platts at $50.49/b Friday, the lowest since December 31, 2018 and down nearly 22% from January 20. Year-ahead Brent futures settled at a Continue Reading
Coronavirus Meltdown Continues As Brent Drops Below $50
As fears of the coronavirus outbreak reaching pandemic levels continue to spread, markets have taken a beating. Investors are panic selling and nearly every sector is plummeting. The meltdown continues. Continue Reading
Oil prices sink to lowest in over a year, biggest weekly drop since 2016
Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week Continue Reading
S&P 500 drops for seventh day, posts biggest weekly fall since 2008 crisis
The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the Continue Reading
Oil plunges to 14-month lows as coronavirus spread outside China sparks demand fears
Oil prices moved sharply lower this week amid a renewed focus on demand destruction following a flurry of new coronavirus cases outside of China. ICE front-month Brent futures settled at Continue Reading
Crude rout extends as coronavirus spread outside China accelerates
Crude oil futures settled at fresh 14-month lows Friday as the continued global spread of coronavirus fed fears of flattening demand and raised the specter of economic downturn. ICE April Continue Reading
Global downturn looms as countries struggle to contain coronavirus outbreak
The coronavirus spread further on Friday, with cases reported for the first time in at least six countries across four continents, battering markets and leading the World Health Organization (WHO) Continue Reading
Outbreak starts to look more like worldwide economic crisis
The coronavirus outbreak began to look more like a worldwide economic crisis Friday as anxiety about the infection emptied shops and amusement parks, canceled events, cut trade and travel and Continue Reading
Coronavirus Panic Is Causing A Worst-Case Scenario For Oil
As the World Health Organization on Friday upgraded its global risk assessment for the coronavirus to “very high”, anxious oil markets are wondering when might be a good time to Continue Reading