Alex Veiga
Alex Veiga
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New collapse in oil prices sends some US futures below $0 a barrel for the first time ever

New collapse in oil prices sends some US futures below $0 a barrel for the first time ever

NEW YORK — Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. Stocks and Treasury yields also dropped on Wall Street, with the S&P 500 down 1.8%, but the market's most dramatic action by far was in oil, where the cost to have a barrel of U.S. crude delivered in May plummeted to negative $37.63. It was at roughly $60 at the start of the year. Traders are still paying $20.43 for a barrel of U.S. oil to be delivered in June, which analysts consider to be closer to the "true" price of oil. Crude...

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April 20, 2020
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Screws tighten for home buyers in March, prices surge 17.2%

Screws tighten for home buyers in March, prices surge 17.2%

AP NEWS https://apnews.com/article/lifestyle-business-c792dd85d8976222e23ace63a3b16202Click to copyhttps://apnews.com/article/lifestyle-business-c792dd85d8976222e23ace63a3b16202Click to copyRelated topicsSales of previously occupied U.S. homes fell for the second consecutive month in March because there are so few on the market, and the fierce competition for those that do exist is pushing prices to new highs. Existing home sales fell 3.7% last month from February to a seasonally-adjusted rate of 6.01 million annualized units, the National Association of Realtors said Thursday. Sales jumped...

April 22, 2021
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