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Crude

This Is Why the Dow Jones & Crude Oil Surged So Aggressively Today

The Dow Jones rose 2% mid-week as oil prices stabilized. Adding to the positive mood, an additional $484 billion of small business loans are on tap. Dow bulls are optimistic about the U.S. economy reopening, but coronavirus cases continue to spike around the country. The Dow Jones rallied aggressively on Wednesday as crude oil staged…

Crude Oil Crashes to 13-Month Low Amid Devastating Supply Shock

U.S. crude futures slide below $50 a barrel for the second time this month. Chinese energy demand is said to be plunging in the wake of the coronavirus outbreak. Russia and Saudi Arabia are at odds about production cuts, which threatens to undermine Moscow’s testy relations with OPEC. Crude prices nosedived on Monday, as the…