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Energy Equities Hang On Despite Negative Oil Price, Tankers Surge

By Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory — minus $37.63 a barrel. Yet the S&P 500 Energy Index fell just 3.3%, the most […]

WP_Post Object ( [ID] => 224238 [post_author] => 21 [post_date] => 2020-04-20 23:57:00 [post_date_gmt] => 2020-04-20 23:57:00 [post_content] => crude oil PipelineBy Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory — minus $37.63 a barrel. Yet the S&P 500 Energy Index fell just 3.3%, the most […] [post_title] => Energy Equities Hang On Despite Negative Oil Price, Tankers Surge [post_excerpt] => By Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The price on the futures contract for West Texas crude that is due to expire Tuesday fell into negat... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => energy-equities-hang-on-despite-negative-oil-price-tankers-surge [to_ping] => [pinged] => [post_modified] => 2020-04-20 23:57:00 [post_modified_gmt] => 2020-04-20 23:57:00 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=139642 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )