Oil prices dive to lowest in over a year on coronavirus fears
Oil prices tumbled for a fifth day on Thursday to their lowest in more than a year, as further novel coronavirus cases outside China fanned fears that a pandemic could Continue Reading
Coronavirus crash wipes $5 trillion off world stocks
Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion. Continue Reading
Coronavirus Fears Drive Stocks Down for 6th Day and Into Correction
Jeenah Moon for The New York Times The global stock market slid for the sixth straight day on Thursday, as the S&P 500 index plunged to its worst loss in Continue Reading
Oil Market Meltdown Sends Energy Stocks Crashing
The market meltdown continued on Thursday, with stocks across the board in retreat. Oil prices were down more than 4 percent in early trading, falling to their lowest levels in Continue Reading
The Perfect Storm Sends Natural Gas Crashing
If you’re waiting for natural gas prices to recover, you might be in for a considerable wait, as inventories are expected to hover well above their five year average for Continue Reading
Oil prices fall for fifth day to lowest in a year
Oil prices fell 2% on Thursday, plunging for fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic Continue Reading
Crude oil futures slump by more than 1% on weaker demand prospects
Crude oil futures fell by more than 1% in mid-morning trade in Asia Thursday as prospects of weaker demand continues to grip energy markets. At 10:30 am in Singapore (0230 Continue Reading
Major Bank Sees Abysmal Demand Growth For Oil
Oil prices could bounce around between $50 and $70 through 2025, with both demand growth and supply growth slowing, according to a new report. The oil market faces a steep Continue Reading
Virus-hit stocks shed $3 trillion; safe havens thrive
Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as the coronavirus spread faster outside Continue Reading
Port of Los Angeles Sees Coronavirus Impact Sharply Reducing Imports
As Chinese business shutdowns extended past the traditional Lunar New Year holiday into February, and workers stayed home from factories and ports, “it became pretty clear…that we were looking at Continue Reading