Today Tuesday, 28th September 2021
Finance and Fitness Today

Your latest news, ideas, strategies. Keep up to date with all the latest information.

Heath Tips

  • In enim justo, rhoncus ut, imperdiet a
  • Fringilla vel, aliquet nec, vulputateDonec pede justo,  eget, arcu. In enim justo, rhoncus ut, imperdiet a, venenatis vitae, justo.Nullam dictum felis eu pede mollis pretium.

Recent posts

Breaking: Brent Falls Below $50 as Travel Sector Bears Brunt of Virus

Breaking: Brent Falls Below $50 as Travel Sector Bears Brunt of Virus
imageCommodities5 hours ago (Feb 28, 2020 04:32AM ET)

(C) Reuters.

By Geoffrey Smith — Brent crude futures fell below $50 a barrel Friday, hitting their lowest level since July 2017 as market participants priced in increasingly severe demand destruction from the Covid-19 novel coronavirus outbreak.

By 4:30 AM ET (0930 GMT), Brent crude for April delivery was trading at $49.80 a barrel, down 3.7% on the day and down nearly 15% over the week. U.S. crude futures were likewise down 4.4% at $45.02 a barrel.

The latest leg down came after two of Europe’s largest airline groups warned of falling demand and cancelled flights. International Airlines Group (LON:ICAG), the parent of British Airways and Iberia, as well as discount flyer EasyJet (LON:EZJ), both warned that they faced serious impacts from the virus, but that it was impossible to say just yet how bad things could get.

Breaking: Brent Falls Below $50 as Travel Sector Bears Brunt of Virus

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.

Related Posts

Read also x