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Prices


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 — …

Stocks opened higher Thursday, after weekly jobless claims topped 4.4 million, but were down from a week earlier. Earnings news and spiking oil prices influenced early trade, as investors waited on a federal stimulus vote. Casino owners rallied after a bullish outlook from Las Vegas Sands. Walmart lagged on the Dow Jones today, tripped up …

On Monday afternoon, oil prices hit an all-time low, dipping below $0 for the first time in history. Traders blamed the drop on the expiration of the May futures contract on Tuesday coupled with a sharp decline in demand amidst the coronavirus shutdowns. According to NPR, at the start of the year, a barrel of …

US crude oil prices crash below $15 a barrel David Sheppard in London US crude oil prices fell more than 20 per cent as trading reopened on Monday, crashing below $15 a barrel for the first time since 1999. The latest slump, which has seen US oil prices hit a succession of lows, comes as …

The numbers: The consumer-price index dipped 0.4% last month, the biggest decline in five years, the Labor Department said Friday. The drop was in line with the forecast of economists surveyed by MarketWatch. Core inflation, minus food and energy, prices fell 0.1% in March, the first decline in 10 years. The rate of inflation over …

Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Andrey Rudakov | Bloomberg | Getty Images The oil price bust may not be over.  A historic demand shock sparked by the coronavirus pandemic is set to worsen in the current quarter, undermining any …

Global stocks fall as Wall Street’s rally fades. Stocks fell modestly in Asia and Europe on Friday, setting the stage for a downbeat end to a turbulent week in financial markets. European markets opened mildly lower. Futures markets suggested Wall Street would open lower as well. Wall Street stocks jumped on Thursday after President Trump …

SINGAPORE (Reuters) – Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the coronavirus cuts demand. FILE PHOTO: Drilling rigs operate at sunset …

Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war. U.S. West Texas Intermediate crude dropped 29.48% to $29.11 per barrel as of 05:50 GMT Monday, having …

Saudi Arabia slashed its export oil prices over the weekend in what is likely to be the start of a price war aimed at Russia but with potentially devastating repercussions for Russia’s ally Venezuela, Saudi Arabia’s enemy Iran and even American oil companies. The Saudi decision to cut prices by nearly 10 percent on Saturday …