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Stocks open lower as oil market continues to crumbleU.S. stocks opened lower and oil prices continued to collapse as traders anticipate demand for energy to shrivel because of the coronavirus shutdowns.
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Oil prices plunge below zero, sending stocks lowerOil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic.
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Record Oil Price Drops Send Stock Markets Diving, TooStocks have been diving as lockdowns to stop the spread of the coronavirus shut businesses. That's also shot demand for oil into the gutter: A key U.S. indicator fell below -$30 per barrel Monday. Closing the loop, the Dow is down hundreds of points today.
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Anyone who thinks oil has hit a floor is 'playing with fire' — yes, prices can go lower'The potential for prices to go lower is very likely' and markets could see a repeat of negative oil prices next month, analysts told CNBC.
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'This is a great time to buy oil': Trump reacts to prices entering negative territoryPresident Trump suggested the U.S. could either purchase roughly 75 million barrels of oil to add to the country’s Strategic Petroleum Reserve, or rent that spare capacity to oil companies squeezed for storage space due to the glut in the market.
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Oil export price for Mexico's Pemex goes negative for first timeMexico's oil export basket closed on Monday in negative territory for the first time ever, according to data published by state oil company Pemex, meaning the firm would have to pay buyers to offload its crude.
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