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2020-03-30 10:14 | Report Abuse
Breaking News from CNBC
U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT.
Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.
2020-03-30 10:13 | Report Abuse
Breaking News from CNBC
U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT.
Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.
2020-03-30 10:13 | Report Abuse
Breaking News from CNBC
U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT.
Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.
2020-03-30 10:13 | Report Abuse
Breaking News from CNBC
U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT.
Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.
2020-03-30 10:13 | Report Abuse
Breaking News from CNBC
U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT.
Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.
2020-03-30 10:09 | Report Abuse
Breaking News from CNBC
U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT.
Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.
2020-03-29 22:51 | Report Abuse
News from CNBC
Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Brent crude was trading 5.1% lower at $24.99 per barrel.
U.S. crude fell $1.09, or 4.8%, to settle at $21.51 per barrel.
Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.
2020-03-29 22:50 | Report Abuse
News from CNBC
Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Brent crude was trading 5.1% lower at $24.99 per barrel.
U.S. crude fell $1.09, or 4.8%, to settle at $21.51 per barrel.
Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.
2020-03-29 22:50 | Report Abuse
News from CNBC
Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Brent crude was trading 5.1% lower at $24.99 per barrel.
U.S. crude fell $1.09, or 4.8%, to settle at $21.51 per barrel.
Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.
2020-03-29 22:50 | Report Abuse
News from CNBC
Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Brent crude was trading 5.1% lower at $24.99 per barrel.
U.S. crude fell $1.09, or 4.8%, to settle at $21.51 per barrel.
Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.
2020-03-29 22:49 | Report Abuse
News from CNBC
Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Brent crude was trading 5.1% lower at $24.99 per barrel.
U.S. crude fell $1.09, or 4.8%, to settle at $21.51 per barrel.
Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.
2020-03-29 22:49 | Report Abuse
News from CNBC
Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Brent crude was trading 5.1% lower at $24.99 per barrel.
U.S. crude fell $1.09, or 4.8%, to settle at $21.51 per barrel.
Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.
2020-03-29 22:49 | Report Abuse
News from CNBC
Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Brent crude was trading 5.1% lower at $24.99 per barrel.
U.S. crude fell $1.09, or 4.8%, to settle at $21.51 per barrel.
Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.
2020-03-29 22:49 | Report Abuse
News from CNBC
Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Brent crude was trading 5.1% lower at $24.99 per barrel.
U.S. crude fell $1.09, or 4.8%, to settle at $21.51 per barrel.
Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.
2020-03-26 23:39 | Report Abuse
Breaking News from CNBC
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.
2020-03-26 23:39 | Report Abuse
Breaking News from CNBC
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.
2020-03-26 23:39 | Report Abuse
Breaking News from CNBC
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.
2020-03-26 23:39 | Report Abuse
Breaking News from CNBC
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.
2020-03-26 23:38 | Report Abuse
Breaking News from CNBC
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.
2020-03-26 23:38 | Report Abuse
Breaking News from CNBC
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.
2020-03-26 23:38 | Report Abuse
Breaking News from CNBC
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.
2020-03-26 23:32 | Report Abuse
Dayang reported a REDUCED NET PROFIT of 27% for Q419 compared to Q319.
Historically, Dayang posted Q1 NET LOSS for the last 3 years due to monsoon.
Q1 2019 :- Net loss = 17.1 mil
Q1 2018 :- Net loss = 47.6 mil
Q1 2017 :- Net loss = 43.5 mil
Dayang WILL VERY LIKELY REPORT A NET LOSS for Q1 2020, especially with
the enforcement of MCO since 18 March 2020.
Thus, Dayang will post 2 CONSECUTIVE QUARTERLY REDUCED NET PROFIT.
Now, that makes Dayang "NO LONGER PROFIT GROWTH STOCK" & "KYY GOLDEN RULE DEFINITELY BROKEN"
2020-03-22 23:19 | Report Abuse
Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S.
U.S. crude futures for April fell $2.79, or 11.06%, to settle at $22.43 per barrel. Brent crude futures fell $1.49 or 5.2%, to settle at $26.98 per barrel.
2020-03-22 23:18 | Report Abuse
Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S.
U.S. crude futures for April fell $2.79, or 11.06%, to settle at $22.43 per barrel. Brent crude futures fell $1.49 or 5.2%, to settle at $26.98 per barrel.
2020-03-22 22:52 | Report Abuse
Breaking News from CNBC
Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S.
U.S. crude futures for April fell $2.79, or 11.06%, to settle at $22.43 per barrel. Brent crude futures fell $1.49 or 5.2%, to settle at $26.98 per barrel.
2020-03-22 22:52 | Report Abuse
Breaking News from CNBC
Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S.
U.S. crude futures for April fell $2.79, or 11.06%, to settle at $22.43 per barrel. Brent crude futures fell $1.49 or 5.2%, to settle at $26.98 per barrel.
2020-03-22 22:52 | Report Abuse
Breaking News from CNBC
Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S.
U.S. crude futures for April fell $2.79, or 11.06%, to settle at $22.43 per barrel. Brent crude futures fell $1.49 or 5.2%, to settle at $26.98 per barrel.
2020-03-22 22:52 | Report Abuse
Breaking News from CNBC
Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S.
U.S. crude futures for April fell $2.79, or 11.06%, to settle at $22.43 per barrel. Brent crude futures fell $1.49 or 5.2%, to settle at $26.98 per barrel.
2020-03-22 22:51 | Report Abuse
Breaking News from CNBC
Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S.
U.S. crude futures for April fell $2.79, or 11.06%, to settle at $22.43 per barrel. Brent crude futures fell $1.49 or 5.2%, to settle at $26.98 per barrel.
2020-03-22 22:50 | Report Abuse
Breaking News from CNBC
Oil dropped 11% on Friday, giving back early gains, even as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S.
U.S. crude futures for April fell $2.79, or 11.06%, to settle at $22.43 per barrel. Brent crude futures fell $1.49 or 5.2%, to settle at $26.98 per barrel.
2020-03-19 10:03 | Report Abuse
Breaking News from CNBC
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
2020-03-19 10:02 | Report Abuse
Breaking News from CNBC
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
2020-03-19 10:02 | Report Abuse
Breaking News from CNBC
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
2020-03-19 10:02 | Report Abuse
Breaking News from CNBC
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
2020-03-19 10:02 | Report Abuse
Breaking News from CNBC
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
2020-03-19 10:01 | Report Abuse
Breaking News from CNBC
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
2020-03-19 10:01 | Report Abuse
Breaking News from CNBC
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
2020-03-19 10:01 | Report Abuse
Breaking News from CNBC
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
2020-03-18 22:39 | Report Abuse
Breaking News from CNBC
Oil plummeted 12% to a nearly 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 10.7%, or $2.75, to trade at $24.20 per barrel. At the session low, WTI dropped more than 12% to $23.60 per barrel, its lowest level since April 2002.
International benchmark Brent crude shed 6.2%, or $1.80, to trade at $26.92 per barrel. Earlier it traded as low as $26.65, its lowest level since Sept. 2003.
2020-03-18 22:39 | Report Abuse
Breaking News from CNBC
Oil plummeted 12% to a nearly 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 10.7%, or $2.75, to trade at $24.20 per barrel. At the session low, WTI dropped more than 12% to $23.60 per barrel, its lowest level since April 2002.
International benchmark Brent crude shed 6.2%, or $1.80, to trade at $26.92 per barrel. Earlier it traded as low as $26.65, its lowest level since Sept. 2003.
2020-03-18 22:38 | Report Abuse
Breaking News from CNBC
Oil plummeted 12% to a nearly 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 10.7%, or $2.75, to trade at $24.20 per barrel. At the session low, WTI dropped more than 12% to $23.60 per barrel, its lowest level since April 2002.
International benchmark Brent crude shed 6.2%, or $1.80, to trade at $26.92 per barrel. Earlier it traded as low as $26.65, its lowest level since Sept. 2003.
2020-03-18 22:38 | Report Abuse
Breaking News from CNBC
Oil plummeted 12% to a nearly 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 10.7%, or $2.75, to trade at $24.20 per barrel. At the session low, WTI dropped more than 12% to $23.60 per barrel, its lowest level since April 2002.
International benchmark Brent crude shed 6.2%, or $1.80, to trade at $26.92 per barrel. Earlier it traded as low as $26.65, its lowest level since Sept. 2003.
2020-03-18 22:38 | Report Abuse
Breaking News from CNBC
Oil plummeted 12% to a nearly 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 10.7%, or $2.75, to trade at $24.20 per barrel. At the session low, WTI dropped more than 12% to $23.60 per barrel, its lowest level since April 2002.
International benchmark Brent crude shed 6.2%, or $1.80, to trade at $26.92 per barrel. Earlier it traded as low as $26.65, its lowest level since Sept. 2003.
2020-03-18 22:38 | Report Abuse
Breaking News from CNBC
Oil plummeted 12% to a nearly 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 10.7%, or $2.75, to trade at $24.20 per barrel. At the session low, WTI dropped more than 12% to $23.60 per barrel, its lowest level since April 2002.
International benchmark Brent crude shed 6.2%, or $1.80, to trade at $26.92 per barrel. Earlier it traded as low as $26.65, its lowest level since Sept. 2003.
2020-03-18 09:57 | Report Abuse
Breaking News from CNBC
Oil dropped more than 6% to multi-year lows on Tuesday, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
Brent crude fell 98 cents, or 3.2% to trade at $29.07 per barrel, having earlier touched $31.25. On Monday it sank to $29.45, the lowest since January 2016.
U.S. West Texas Intermediate crude reversed all of an earlier 4.7% gain to shed $1.75, or 6.1%, and close at $26.95 per barrel, its lowest level since Feb. 2016.
2020-03-18 09:57 | Report Abuse
Breaking News from CNBC
Oil dropped more than 6% to multi-year lows on Tuesday, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
Brent crude fell 98 cents, or 3.2% to trade at $29.07 per barrel, having earlier touched $31.25. On Monday it sank to $29.45, the lowest since January 2016.
U.S. West Texas Intermediate crude reversed all of an earlier 4.7% gain to shed $1.75, or 6.1%, and close at $26.95 per barrel, its lowest level since Feb. 2016.
2020-03-18 09:56 | Report Abuse
Breaking News from CNBC
Oil dropped more than 6% to multi-year lows on Tuesday, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
Brent crude fell 98 cents, or 3.2% to trade at $29.07 per barrel, having earlier touched $31.25. On Monday it sank to $29.45, the lowest since January 2016.
U.S. West Texas Intermediate crude reversed all of an earlier 4.7% gain to shed $1.75, or 6.1%, and close at $26.95 per barrel, its lowest level since Feb. 2016.
2020-03-18 09:56 | Report Abuse
Breaking News from CNBC
Oil dropped more than 6% to multi-year lows on Tuesday, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
Brent crude fell 98 cents, or 3.2% to trade at $29.07 per barrel, having earlier touched $31.25. On Monday it sank to $29.45, the lowest since January 2016.
U.S. West Texas Intermediate crude reversed all of an earlier 4.7% gain to shed $1.75, or 6.1%, and close at $26.95 per barrel, its lowest level since Feb. 2016.
2020-03-18 09:56 | Report Abuse
Breaking News from CNBC
Oil dropped more than 6% to multi-year lows on Tuesday, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
Brent crude fell 98 cents, or 3.2% to trade at $29.07 per barrel, having earlier touched $31.25. On Monday it sank to $29.45, the lowest since January 2016.
U.S. West Texas Intermediate crude reversed all of an earlier 4.7% gain to shed $1.75, or 6.1%, and close at $26.95 per barrel, its lowest level since Feb. 2016.
Stock: [WASCO]: WASCO BERHAD
2020-03-30 10:14 | Report Abuse
Breaking News from CNBC
U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT.
Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.