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commodity


Oil futures rose Friday, with the U.S. benchmark on track for a weekly gain as investors turn their attention toward production cuts by major oil producers and demand shows early signs of recovery with business lockdowns globally beginning to be lifted. “The market focus is increasingly shifting to supply as many OPEC+ members meet or …

European stocks advanced on Tuesday, putting markets on track to end a three-session losing run. Up 17% from the lows of March, the Stoxx Europe 600 SXXP, +1.83% rose 1.8%. The gains tracked a reversal on Wall Street on Monday, when early-session losses evaporated and investors bid technology stocks higher. Stocks mostly shrugged off a …

Text size After rallying 12.9% and 11.1% in April, the S&P 500 and Dow Jones Industrial Average, respectively, each finished their best month in 33 years. But the momentum faded the first day in May, as all three major indexes tumbled into the red. The Dow declined 622.03 points, or 2.55%, to finish at 23723.69. …

Reuters/Shamil Zhumatov Oil prices fell for a second consecutive session on Tuesday on fears that global storage for oil is running out. The price of West Texas Intermediate fell as much as 21%, to $10.07 per barrel on Tuesday. The losses follow a drop that reached 30% on Monday after United States Oil Fund — …

Saudi Arabia’s oil-price war with Russia flooded the market with crude. Now, with demand having dried up and buyers hard to find, the kingdom is resorting to storing much of it at sea. At least one in 10 supertankers around the world is serving as a floating oil storage facility, Saudi oil officials say. With …

Global stocks fell Wednesday after President Trump issued a stark new warning on the spread of the novel coronavirus in the U.S., reviving concerns about the potential damage to the world’s largest economy. Futures tied to the Dow Jones Industrial Average dropped 3%, suggesting that blue-chip stocks will decline a day after U.S. equities closed …

How bad has it been for the U.S. stock market in the first three months of 2020? In a word, historic, but returns are almost certain to improve over the longer term despite the current pain, if history is any guide. Indeed, it has been punishing for investors, as the market went into a coronavirus-sparked …

U.S. stocks are attempting to register two straight days of gains early Wednesday after lawmakers reached an agreement on a $2 trillion economic rescue package overnight, aimed at helping dampening the blow from the COVID-19 pandemic that has seized up business activity in much of the country. How are benchmarks performing? The Dow Jones Industrial …

It’s happening. A bona fide selloff took hold on Wall Street Monday after investors spent weeks attempting to come to terms with the potential impact of COVID-19 as it spreads in countries outside of China, threatening to dent global supply chains and economies. Second-biggest point drop If it holds until the closing bell, the day’s …

The old saw used to be that when the U.S. sneezes, the rest of the world catches a cold. Now, a more apropos adage for market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession. Indeed, recession fears resurfaced …