European stock markets slumped Tuesday after US oil prices crashed back below zero as the coronavirus crisis wipes out global crude demand and sparks a vast supply glut. In early morning deals, London’s benchmark FTSE 100 index tumbled 1.7 percent to 5,713.70 points, Frankfurt’s DAX erased 2.0 percent to 10,462.56 ...
Hours after United States benchmark crude prices stunned even hardened oil veterans with a sudden, sharp crash into negative territory, President Donald Trump said his administration will look at a proposal to block Saudi Arabian oil shipments to the US to help buoy the US shale oil industry against an ...
