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Energy and Power

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Energy firms sunk as crude oil plummeted 7%

Published On 19 Dec 2019 08:13 AM


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U.S. shares finished the day back where they began on Tuesday after two days of massive losses. Energy firms sunk as crude oil plummeted 7%, but innovation and consumer-focused businesses climbed.

Since August 2017, U.S. crude oil has plummeted to its lowest price and has now dropped nearly 40 per cent since early October. Investors are concerned that supplies will continue to rise and demand will decline as the global economy weaken....


Tags : U.S., JJ Kinahan, TD Ameritrade, Apple, Amazon, Microsoft, Federal Reserve, China,
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