News Formal

Oil shares hammered as FTSE enters a bear market on Panic Monday

  • 📰 Daily Mail Online
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Oil firms the biggest losers in the stock market slump

FTSE 100 suffers its fifth biggest one-day fall on record. Oil prices crashed more than 30% to just $31 per barrel overnight. FTSE 250-listed Premier Oil and Tullow fell by 57% and 31% respectively. Investors told not to panic and to think long-term to avoid locking in losses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 135. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus: Biggest drop in oil price since 1991 in new market panicBrent crude tumbles below $30 a barrel at one stage while investors take a wider flight from risk amid the COVID-19 crisis. Was the oil price not already massively down before this Oil price collapse is due to the OPEC dispute over the weekend.... NOTHING TO DO WITH CORONAVIRUS! scaremongering !!!
Source: SkyNews - 🏆 35. / 67 Read more »