Article

2021-10-05 Economy

Oil hits 7 year high; also Evergrande stops being traded

[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.
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Evergrande is no longer trading on the Hong Kong Exchange

Posted by Lord Garth 2021-10-05 00:00|| || Front Page|| [11130 views ] Top

#1 crude up again today

also more problems in the China R Estate market today

Posted by Lord Garth 2021-10-05 16:11|| 2021-10-05 16:11|| Front Page Top

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