EURUSD Price Should Fall
Brent Slumps
Europe’s main oil benchmark is now firmly part of the rout that sent U.S. oil futures below zero for the first time ever this week. Brent for June delivery lost 16% to trade near $16 a barrel on Wednesday, adding to a 24% drop on Tuesday. New York’s West Texas Intermediate, meanwhile, fell around 9%, following a 43% collapse yesterday. The Trump administration vowed to come to the rescue of the U.S. energy sector with stimulus funds and other measures, while a fund that offers investors exposure to fluctuations in crude prices might be worth less than nothing. Here’s an updated reminder of how this all happened
Brent Slumps
Europe’s main oil benchmark is now firmly part of the rout that sent U.S. oil futures below zero for the first time ever this week. Brent for June delivery lost 16% to trade near $16 a barrel on Wednesday, adding to a 24% drop on Tuesday. New York’s West Texas Intermediate, meanwhile, fell around 9%, following a 43% collapse yesterday. The Trump administration vowed to come to the rescue of the U.S. energy sector with stimulus funds and other measures, while a fund that offers investors exposure to fluctuations in crude prices might be worth less than nothing. Here’s an updated reminder of how this all happened
