NEW YORK (Reuters) – Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the COVID-19 pandemic. Crude prices have had one of their most tumultuous weeks ever. U.S. West Texas Intermediate crude futures (WTI) CLc1 closed …
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Preliminary results from New York’s first coronavirus antibody study show nearly 14 percent tested positive, meaning they had the virus at some point and recovered, Gov. Andrew Cuomo said Thursday. That equates to 2.7 million infections statewide — more than 10 times the state’s confirmed cases. The study, part of Cuomo’s “aggressive” antibody testing launched …
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The European ETF market saw record outflows of €21.9 billion in March as investors reacted to the spread of coronavirus across the globe. This is a negative record high for an industry that has grown used to seeing an almost uninterrupted string of monthly net inflows since its establishment two decades ago. We haven’t seen …
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The historic event caught new age traders off guard, so how did brokers try to protect themselves? The old fashioned way….FUCKING everyone in sigh Nick Bit: I know how to Fuck back! This week history was made in the trading markets for oil prices, and not in a good way, with WTI futures (West Texas …
Continue reading “As US Oil Prices Turn Negative, Here is How Brokers Fuck their Clients”
The Senate overwhelmingly passed a near half-trillion-dollar coronavirus bill on Tuesday to replenish a small-business loan program and fund hospitals and testing efforts. The $484 billion bill is the fourth large coronavirus deal since last month — and comes after a political standoff caused a lapse last week in the Small Business Administration’s Paycheck Protection …
Continue reading “Dow adds 300 pts premarket after $484B bill passed in Senate”
White House Adviser Kudlow says that the oil price crash will likely be temporary. Says there is no easy quick fix to help US oil producers given price slump. Kudlow says Trump administration is looking very carefully at the possibility of providing liability protection for businesses that reopen. Meanwhile, we had earlier news that in a …
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April 21, 2020: The OPEC alliance of oil producers said “several” member states, and some of its allies in the OPEC+ grouping, held a teleconference Tuesday to discuss the plunge in oil prices caused by the coronavirus pandemic. The organisation tweeted that ministers held an “informal teleconference to brainstorm the current dramatic oil market …
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Humanity will have to live with the threat of coronavirus “for the foreseeable future” and adapt accordingly because there is no guarantee that a vaccine can be successfully developed, one of the world’s leading experts on the disease has warned. The stark message was delivered by David Nabarro, professor of global health at Imperial College, …
Continue reading “Don’t bet on vaccine to protect us from Covid-19, says world health expert”