U.S. equity futures tumbled by their limits and Treasuries surged at the start of what’s set to be another volatile week, with investors responding to the rapidly escalating economic hit Continue Reading
Until just a few weeks ago, Russian President Vladimir Putin was promising Russians their stagnant incomes would finally pick up along with the economy this year. But his oil market Continue Reading
Last week OPEC conducted meetings with a coalition of partners that have worked together to limit oil production since 2016. It was widely reported that the group hoped to come Continue Reading
European shares tumbled more than 8% on Monday as the coronavirus pandemic raged through much of Europe, with dramatic monetary easing by global central banks failing to reassure investors about Continue Reading
The coronavirus pandemic will plunge the European Union into recession this year, the EU’s internal market Commissioner Thierry Breton said, estimating the bloc’s economy risked a 2-2.5% hit. The outbreak Continue Reading
There’s 1,000 miles and a body of water between Mark McGowan and the Italian epicenter of Europe’s coronavirus outbreak. He may as well be next door. His 16-room hotel, the Scholars Continue Reading
Oil posted the biggest weekly plunge since 2008, capping its most dramatic week in recent memory as major producers prepare to drench the market with supply just as the coronavirus Continue Reading
Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest Continue Reading
Oil prices on Friday posted their worst week since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to Continue Reading
Oil futures surged in aftermarket trading after US President Donald Trump said the US would purchase crude to fill its Strategic Petroleum Reserve. Front-month Brent and WTI, which had settled Continue Reading
