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Economy |
Oil hits 7 year high; also Evergrande stops being traded |
2021-10-05 |
[WashingtonTimes] ... unusually high prices for natural gas are pushing some electricity producers in Asia to switch from natural gas to oil-based products, helping support prices. The price of a barrel of crude jumped by 3%, or $2.32, to $78.17 on the New York Mercantile Exchange, the highest since 2014. The Brent international benchmark hit a new 3-year high at $81.48, up 2.8% on the day. ----------- Evergrande is no longer trading on the Hong Kong Exchange |
Posted by:Lord Garth |
#1 crude up again today also more problems in the China R Estate market today |
Posted by: Lord Garth 2021-10-05 16:11 |