Entertainment Trends

Oil-Price Swoon Spurs Traders to Bet on Further Declines

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Entertainment Entertainment Headlines News

Entertainment Entertainment Latest News,Entertainment Entertainment Headlines

Bets that oil investors made in options markets help explain why crude prices fell so sharply on Monday, and also show that traders are bracing for prices to lurch lower once more

U.S. crude prices swooned in tandem with stocks and other industrial commodities to start the week after the spread of the coronavirus in the global economic rebound. West Texas Intermediate futures failed to recover on Tuesday, holding prices about 14% below their recent high at $66.

41 a barrel.
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Guess everyone, except WSJ, understands that fossil fuels are stranded assets? WSJ ed board gets it wrong on renewables—again

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:

 /  🏆 98. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

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

Why the oil market likes the OPEC+ deal but prices don’t show itThe oil market is happy with the OPEC+ decision to gradually lift production further starting next month, but the sharp price move lower on Monday certainly didn’t show it.
Source: MarketWatch - 🏆 3. / 97 Read more »