Energy markets

FILE - In this April 17, 2020 file photo, the sun sets behind an array of pump jacks outside Midland, Texas. The near shutdown of the economy in response to COVID-19 has reduced demand for oil, lumber and other commodities, sending their prices sharply lower.  Energy has borne the brunt of the selling, with the price of U.S. oil for May delivery plunging last week below zero for the first time. (Eli Hartman/Odessa American via AP)
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April 30, 2020 - 11:15 am
LOS ANGELES (AP) — The near shutdown of the economy in response to COVID-19 has reduced demand for commodities like oil, lumber and copper and triggered sharp drops in their prices, but some analysts predict the stage is set for a rebound. Energy has borne the brunt of the selling as cars stay...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2020. Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. (AP Photo/Ahn Young-joon)
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April 29, 2020 - 4:49 pm
Stocks around the world whipped higher Wednesday, riding a wave of optimism on encouraging data about a possible treatment for COVID-19. The upswell of hope was so strong that investors completely sidestepped a report showing the outbreak drove the U.S. economy to its worst quarterly performance...
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This Sunday, April 26, 2020, photo shows gas prices displayed at a gas station in Hattiesburg, Miss. With a barrel of crude oil costing less than a New York pizza, many U.S. shale producers are being pushed to the brink of bankruptcy and experts are wondering when, and if, the oil industry will recover. The price of benchmark U.S. crude oil closed at $12.34 a barrel Tuesday, April 28. At the start of the year, the price was around $60. (AP Photo/Rogelio V. Solis)
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April 29, 2020 - 10:18 am
NEW YORK (AP) — With a barrel of crude oil costing less than a New York pizza, many U.S. shale producers are being pushed to the brink of bankruptcy and experts are wondering when, and if, the oil industry will recover. The price of benchmark U.S. crude oil closed at $12.34 a barrel Tuesday. At the...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2020. Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. (AP Photo/Ahn Young-joon)
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April 28, 2020 - 11:47 pm
BEIJING (AP) — Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. Benchmarks in Shanghai, Hong Kong, Sydney and Southeast Asia advanced. Japanese markets were closed for a holiday. Wall Street...
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FILE - In this Feb. 27, 2020, file photo, a woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong. Asian shares are mixed Tuesday, April 28, as governments inch toward letting businesses reopen and central banks step in to provide cash to economies. (AP Photo/Kin Cheung, File)
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April 27, 2020 - 11:11 pm
TOKYO (AP) — Asian shares are mixed Tuesday as governments inch toward letting businesses reopen and central banks step in to provide cash to economies. Japan's benchmark Nikkei 225 lost earlier gains, dipping 0.4% to 19,706.19. South Korea's Kospi stood virtually unchanged, inching down less than...
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FILE - In this March 16, 2020, filer photo, Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference in Tokyo. Japan’s central bank on Monday, April 27, 2020, announced it is making it easier for cash-strapped companies to get funding in response to the growing economic damage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko, File)
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April 27, 2020 - 12:19 am
BEIJING (AP) — Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling global economy. Tokyo's benchmark surged 2.4% and Shanghai, Hong Kong and Sydney also gained...
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A few lights shine in the buildings of the banking district in background in Frankfurt, Germany, Thursday, April 23, 2020. Due to the coronavirus the economy expects heavy losses. (AP Photo/Michael Probst)
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April 23, 2020 - 10:59 pm
TOKYO (AP) — Asian shares are lower Friday after an early rally on Wall Street suddenly vanished, the latest example of how fragile the hopes underpinning the stock market’s monthlong recovery are. Japan's benchmark Nikkei 225 slipped 0.8% in morning trading to 19,270.04. South Korea's Kospi lost 0...
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Oil tank train cars sit idle Tuesday, April 21, 2020, in East Chicago, Ind. The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month. (AP Photo/Charles Rex Arbogast)
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April 22, 2020 - 12:03 am
BEIJING (AP) — Asian stock markets fell further Wednesday as oil prices recovered some of their record-setting losses amid anxiety about the coronavirus pandemic's mounting economic damage. Benchmarks in Tokyo, Hong Kong and Southeast Asia retreated while Shanghai was little-changed after Wall...
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Petroleum storage tanks at the BP Indiana Tank Field are seen behind a security gate Tuesday, April 21, 2020, in Whiting, Ind. The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month.(AP Photo/Charles Rex Arbogast)
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April 21, 2020 - 4:58 pm
NEW YORK (AP) — A barrel of oil now costs less than a cheap bottle of wine. U.S. benchmark crude was trading as low as $6.50 a barrel Tuesday, more than 80% lower than the start of the year. The dizzying drop reflected stark suffering in the global economy that has left vastly diminished demand for...
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People wearing face masks walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, April 20, 2020. Shares were mixed in Asia on Monday, while oil prices have fallen back. (AP Photo/Vincent Yu)
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April 20, 2020 - 2:23 pm
NEW YORK (AP) — Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store it. Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the...
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