Energy stocks took the sharpest losses, with those in the S&P 500 down 3.7 per cent. But the losses were widespread, with all 11 sectors in the index down.
In Tokyo the Nikkei 225 fell 1.1 per cent after Japan reported that its exports fell nearly 12 per cent in March from a year earlier as the pandemic hammered demand in its two biggest markets, the US and China.European markets were modestly higher. The German DAX was up 0.5 per cent, the French CAC 40 was up 0.7 per cent and the FTSE 100 in London gained 0.7 per cent.
More recently, countries around the world have tentatively eased up on business- shutdown restrictions put in place to slow the spread of the virus.
I am amazed that even a renowed newspaper can write untruths at present the price of oil has nit gon to zero . Maybe demand is down not the price . Please stop this doomsday prophecies u rumour monger
Best time to buy for a strategic reserve? We only have 3-4 weeks of supply on hand. John? JohnBlaxland1 ADA? austdef ausdef
We're still paying over $1.30 p/litre for petrol in Tasmania. Nothing changes here and the the acccgovau is a useless wart. BP_America Shell CaltexAustralia. I usually only buy bennettspetrol anyway, but come on.
Good as some of them are not even the ones who discovered it and stole it off others.
oo, this suxxorz for norway, whose economy mostly depends upon acting as an international oil drug dealer for large portions of the oil addicted world
Finally down to the correct price
When demand is high big oil gouges consumers with prices approaching $2 a litre when demand is low they can’t give it away. No chance of a happy medium then?
Australia has a massive shortage of crude oil. Australia can now take the iniative to get our stocks up when they were left to get dangerously low by incompetent governments
China stockpiling?
negative $37.63 per barrel