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Chaotic overnight crude oil market sends ringgit lower at opening | Malay Mail

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KUALA LUMPUR, April 21 ― The ringgit opened marginally lower today following a chaotic overnight session in crude oil markets which saw the US crude oil futures plunged to below US$0 for the first time in history. At 9.01am, the ringgit weakened to 4.3780/3880 against the US dollar from...

At 9.01am, the ringgit weakened to 4.3780/3880 against the US dollar from 4.3700/3770 at yesterday’s close. — Reuters pic

At 9.01am, the ringgit weakened to 4.3780/3880 against the US dollar from 4.3700/3770 at yesterday’s close. “The sharp plunge in demand has caused storage saturation levels to the brim, forcing sellers to pay buyers to take May barrels.

 

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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Negative US$40 oil reflects panic ― and US crude market economic reality | Malay MailNEW YORK, April 21 ― Traders desperate to avoid owning oil fled the markets yesterday, sending crude futures into negative territory for the first time ever, in recognition that the coronavirus pandemic has sapped demand for fuel and there is not enough storage for the massive glut of oil present...
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