Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both US and Brent futures were hammered throughout March on the global economic freeze due to the coronavirus pandemic and the eruption of a price war between Russia and Saudi Arabia. Both benchmarks lost roughly two-thirds […]
prices
Oil prices tumble to lowest since 2002
Global oil benchmark Brent crude plunged to its cheapest in almost 18 years overnight and US crude briefly tumbled below $US20 per barrel on growing fears the global coronavirus shutdown could last months and demand for fuel will decline further. With Saudi Arabia and Russia set to flood the market […]
Aluminium prices hit four-year lows
Aluminium prices hit four-year lows as worries about prolonged shutdowns around the world due to the coronavirus reinforced fears of a deep recession and tumbling demand for industrial metals. Benchmark aluminium on the London Metal Exchange was down 1.1 per cent at $US1,529 a tonne overnight. Prices of the metal […]
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