Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Oil price goes negative as demand collapses; stocks dip

 

April 21, 2020

Richard Tsong-Taatarii

Oil prices went into an epic freefall on Monday afternoon.

BANGKOK - Asian shares skidded on Tuesday after U.S. oil futures plunged below zero as storage for crude runs close to full amid a worldwide glut as demand collapses due to the pandemic.

Shares fell in Tokyo, Hong Kong and Shanghai but New York stock futures edged higher after the S&P 500 sank 1.8% overnight, giving up some big gains from last week.

https://www.startribune.com/asian-shares-mixed-as-oil-prices-fall-back-china-cuts-rate/569777652/


 

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