Oil Tumbles 4%, Most Since November, on Europe Covid Worries




imageCommodities19 hours ago (Mar 18, 2021 14:35)

© Reuters.

By Barani Krishnan 

Investing.com – Oil prices fell about 4% on Thursday, tumbling their most in a day since November, after a surge in new Covid-19 cases in Europe and the bloc’s continued challenges with vaccinations for the virus.

U.S. government data from a day ago showing a surprisingly large build in domestic crude stockpiles added to market jitters, traders said.

New York-traded West Texas Intermediate, the benchmark for U.S. crude, was down $2.53, or 3.9%, at $62.07 per barrel by 10:31 AM ET (14:31 GMT) after an intraday low at $61.92. It was WTI’s sharpest one-day drop since November 6, when it lost 4.3%. The U.S. crude benchmark has also lost 6% since its last positive close a week ago. 

London-traded Brent, the global benchmark for crude, was down $2.59, or 3.8%, at $65.41, after a session low at $65.28. 

Oil Tumbles 4%, Most Since November, on Europe Covid Worries

Gold Prices Mixed, Adjusting to Post-Fed Uncertainty

Gold Prices Mixed, Adjusting to Post-Fed Uncertainty
By Investing.com – Mar 18, 2021

By Barani Krishnan
Investing.com – Gold prices were mixed on Thursday, with futures of the yellow metal settling higher while spot bullion traded lower, as markets tried to adjust…

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

image

Our Apps

DOWNLOAD APPApp store

Investing.com

© 2007-2021 Fusion Media Limited. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Leave A Reply

Your email address will not be published.