Energy News Results

  • Oil Prices Hammered by Lockdown-Driven Demand Fears

    Fresh coronavirus lockdown measures in Europe and investor jitters ahead of next week's presidential election in the U.S. piled pressure on oil prices Thursday. U.S. crude futures dropped by as much as 6.6% to $34.92 a barrel. While they later recouped some of those losses, they were last on course for their lowest close in about five months.

  • New Coronavirus Concerns Drive Selloff in Raw Materials

    The threat of new coronavirus lockdown measures around the world dragged down raw materials prices Wednesday, heightening concerns among traders that investments tied to the global economy are set for another painful selloff. Commodities including oil and silver plummeted early in the year as lockdowns spread from China to Europe and the U.S., then staged a monthslong rebound this summer with the world economy reopening for business. That rally is starting to show cracks,...

  • New Coronavirus Concerns Drive Selloff in Raw Materials

    The threat of new coronavirus lockdown measures around the world dragged down raw materials prices Wednesday, heightening concerns among traders that investments tied to the global economy are set for another painful selloff. Commodities including oil and silver plummeted early in the year as lockdowns spread from China to Europe and the U.S., then staged a monthslong rebound this summer with the world economy reopening for business. That rally is starting to show cracks,...

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