U.S. oil plunges 27%, Brent below $20 a barrel [Reuters]
INDUSTRIAL & COM UNSP/ADR (IDCBY)
NASDAQ:AMEX Investor Relations:
dictionary.com/browse/industrial
Company Research
Source: Reuters
U.S. oil plunges 27%, Brent below $20 a barrel NEW YORK (Reuters) - Brent crude fell below $20 a barrel and U.S. crude plunged 27% on Monday, driven lower by skittish investors fleeing the U.S. benchmark due to lack of available storage to deal with a coronavirus-induced collapse in demand. Even as governments worldwide are taking tentative steps towards reducing restriction on movement to help economies rebound, fuel demand remains weak. Fuel demand is down 30% globally, and storage is becoming precious, with roughly 85% of worldwide onshore storage full as of last week, according to Kpler data. Economic concerns continue to plague the market. Global economic output is expected to contract by 2% this year - worse than the financial crisis - while demand has collapsed by 30% because of the pandemic. U.S. West Texas Intermediate crude futures (WTI) fell $4.33, or 26.8%, to $12.62 a barrel by 12:26 p.m. EDT (1626 GMT). Brent crude slid $1.64, or 7.7%, to $19.81 a barrel. Traders also sa
Show less
Read more
Impact Snapshot
Event Time:
IDCBY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IDCBY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IDCBY alerts
High impacting INDUSTRIAL & COM UNSP/ADR news events
Weekly update
A roundup of the hottest topics
IDCBY
News
- Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption [Yahoo! Finance Canada]Yahoo! Finance Canada
- Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption [Yahoo! Finance Canada]Yahoo! Finance Canada
- Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption [Yahoo! Finance]Yahoo! Finance
- Top Dividend Stocks Featuring Industrial and Commercial Bank of China [Yahoo! Finance]Yahoo! Finance
- UnionPay International joins forces with industry players to optimize payment experience for international visitors to China [Yahoo! Finance]Yahoo! Finance