As Virus Spreads, Saudis Consider Steep Cuts

Alan Apthorp
Daily Market News & InsightsDaily Market News & Insights

Oil markets are continuing their steep drop, in a sell-off reminiscent of the price crashes seen in 2015-16 and, before that, in 2009. Crude oil and diesel prices have shed nearly 30% of their value since the beginning of the year, while gasoline losses are around 22%. Crude prices are at their lowest level in […]

Today’s Market Trend

Alan Apthorp
Daily Market News & InsightsDaily Market News & Insights

WTI crude prices are in the $44.75/b-$45.00/b range this morning. This week brought a sharp collapse on Wednesday, a modest decline on Thursday, and a gradual strengthening this morning. WTI opened at $44.25/b today, a significant drop of $0.44, or 0.98%, below yesterday’s opening price. Current prices are $44.83/b, up by $0.37 from yesterday’s closing […]

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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