Oil crashes by most since 1991 as Saudi Arabia launches price war

-
New York (CNN Business)Oil prices suffered an historic collapse late Sunday after Saudi Arabia shocked the market by launching a price war against onetime ally Russia.
US oil prices crashed as much as 27% to a four-year low of $30 a barrel as traders brace for Saudi Arabia to flood the market with crude in a bid to recapture market share.
Crude was recently trading down 22% to $32 a barrel. Brent crude, the global benchmark, also plunged 22% to $35 a barrel. Both oil contracts are on track for their worst day since 1991, according to Refinitiv.
    The turmoil comes after the implosion of the oil alliance between OPEC and Russia on Friday.

    Comments

    Post a Comment

    Popular posts from this blog

    How to MAKE WEBSITE without learn code or any more, JUST IN 3 STEPS like professional

    -
    Image
    STEP ONE Choose the best website building platform Before you start worrying about colour schemes and domain names, you’ve got to decide what platform you’re going to build your website with. What do I mean by “platform”? Well, back in 2004 when I got started with web development, most sites were built using HTML (code), CSS and even Flash. These took a lot of time to learn and were tricky to master. That’s why most people still think creating a website from scratch is difficult or requires a lot of coding and design skills – but that’s no longer true! In 2017,  content management systems (CMS)  like WordPress have made creating a website accessible to everyone. To put simply, a content management system (or website building platform) is a user-friendly platform for building websites and managing your own online content, instead of using a bunch of loose HTML pages. Three most popular site building platforms in 2017 Image and data credit: OpenSource...
    Read more

    Best Websites to Make Money Online

    -
    Image
      Fiverr How it works:  This is also a popular website that can be helpful for  freelancers . Know something about digital animation? You can work for someone who doesn't have these skills and pick up some extra cash. Even better, you can offer to compile web research for someone for fast cash. Highlights:  You can make good money from the site, asserts Dan Bochichio, a web designer and digital strategist in Albany, New York, who runs a two-person company called Bocain Designs. He says that his firm makes $3,000 to $5,000 a month from Fiverr. "To stay ahead of the competition, I make sure my Fiverr profile and gig descriptions are well written and communicate the value of the services I'm offering. When someone reaches out to me, I make sure to reply as quickly as I can and follow up with to inquiry by asking good questions. A quick, but carefully written reply will increase the odds of them hiring you drastically," Bochichio says. Drawbacks:  Bochichio's succes...
    Read more

    Privacy Policy for Photo Editor Pro

    -
    Image
    App link :  https://play.google.com/store/apps/details?id=com.wPhotoeditorpro_11758558   At Photo Editor Pro, accessible from Photo Editor Pro, one of our main priorities is the privacy of our visitors. This Privacy Policy document contains types of information that is collected and recorded by Photo Editor Pro and how we use it. If you have additional questions or require more information about our Privacy Policy, do not hesitate to contact us. This Privacy Policy applies only to our online activities and is valid for visitors to our website with regards to the information that they shared and/or collect in Photo Editor Pro. This policy is not applicable to any information collected offline or via channels other than this website. Consent By using our website, you hereby consent to our Privacy Policy and agree to its terms. Information we collect The personal information that you are asked to provide, and the reasons why you are asked to provide it, will be made clear to you ...
    Read more