- Write by:
-
Monday, April 6, 2020 - 7:07:41 PM
-
1278 Visit
-
Print
Mining News Pro - Suspension of negotiations between Saudi Arabia and Russia over oil production cut has caused concern persist.
According to Mining News Pro - While corona cases and deaths have a decreasing trend and strengthened stock market indices, oil price saw a sharp drop.
Exchange Markets
Following the hospitalization of England’s Prime Minister because of coronavirus, sterling value dropped.
Sharp Drop of Oil Price
After the suspension of negotiations between Russia and Saudi Arabia, oil price decreased to $3 per barrel.
“It’s clear that coronavirus pandemic is the reason for market fluctuations,” said Michael McCarthy, analysist at CMC Markets.
In Asian markets, the Australian stock index rose half a percent. Japan’s Nikkei and South Korea’s KOSPI increased by 0.2% and 1.4%, respectively.
North Sea Brent Oil price dropped by 2.64 dollars and stayed at $21.33 per barrel. Also, West Texas Intermediate price reached $21.17.
US president, Donald Trump said that there is the possibility to apply tariff on oil imports for supporting US oil industry.
Short Link:
https://www.miningnews.ir/En/News/511270
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in ...
China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key ...
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the ...
Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it ...
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for ...
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on ...
Equinor on Wednesday said it has entered an agreement with Standard Lithium to acquire a 45% stake in lithium projects ...
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs ...
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, could look at reducing capital ...
No comments have been posted yet ...