US stocks tumble on US-China trade jitters, oil price slide
Thursday, 6 December 2018 U.S. stocks tumbled in early trading Thursday following a sell-off in overseas markets, knocking more than 450 points off the Dow Jones Industrials Average. The broad market decline came as the arrest of a senior Chinese technology executive overshadowed some positive comments on trade from Beijing, threatening to worsen trade tensions between the U.S. and China. Oil prices fell sharply as traders appeared to doubt that an expected production cut by OPEC will be enough to boost the price of crude. Traders continued to shovel money into bonds, a signal that they see weakness in the economy ahead. The yield on the 10-year Treasury note fell to 2.86 percent from 2.92 percent on Tuesday, a large move. U.S.
According to Reuters, Iranian Oil Minister Bijan Zanganeh said on Tuesday that OPEC has problems with some oil producers, and the reasons for Qatar’s exit from the organization must be examined. Qatar said on Monday it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader...
With oil soaring after Iran shot down an American Military drone, investors are going to need some advice on how they should be trading oil. Stephen Guilfoyle, a contributor for Real Money, weighed in..
Oil prices rose more than $1 a barrel on Tuesday after news that China and the United States were rekindling trade talks ahead of a meeting at the G20 summit... Reuters India Also reported by •Reuters •SeattlePI.com •Seattle Times