Energy

Uk.ibtimes.com reported that Oil – Investors Continue Dump Commodities:

Uk.ibtimes.com reported that Oil – Investors Continue Dump Commodities:

The market remains under pressure as Germany’s ban on short-selling activities triggered a new round of panic selling in risky assets. WTI crude oil price extends the 7th-day decline to as low as 67.9, the lowest level since September 30, 2009. The contract has plummeted more than -20% so far in May. Despite a plunge below the OPEC’s preferred range of 70-80, Saudi Arabia’s financial minister stress that he’s not worried about the decline and the country will commit to the planned projects.

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MARKETS

Markets
TSX21319.25+44.68
TSXV902.86+12.00
DOW35429.19+60.72
S&P 5004593.10+15.99
NASD14574.97+68.07
ASX7408.80-8.50

COMMODITIES

Commodities
Gold1841.39+27.32
Silver24.18+0.73
Copper4.47+0.08
Palladium2013.00+127.00
Platinum1031.00+50.00
Oil86.35+0.92
Heating Oil2.63+0.01
Natural Gas4.09-0.20

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