Historic oil crash puts pressure on markets

Oil recovered slightly after hitting historic low

Oil prices made history yesterday as some oil futures fell to their lowest level and even turned negative for the very first time. The losses are due to the drop in international demand caused by the coronavirus pandemic. This morning, black gold posted a slight recovery with a shy rise for the first time after seven consecutive negative sessions. To follow the latest information on the global impact of the pandemic

OIL | Oil

21.63 0.4 (1.88%)

86% purchase

In the spotlight: international markets react to the oil crisis

Wall Street is headed for further losses: after closing in the red yesterday, in part due to the drop in oil prices, the US markets are expected to open lower this morning. At the time of writing, futures contracts indicate a drop of 200 points for the DJ30 when the markets open.

Cryptocurrencies are falling: the cryptocurrency market was down this morning while the majority of currencies were in the red at the time of writing. Bitcoin was down more than 4% to below $ 7,000.

Asian markets are down: the current crisis in the oil market has had an impact in Asia this morning. At the time of writing, the HKG50 and JPN225 indices were down more than 2% while the China50 fell more than 1.5%.

"The fear index" goes up: the VIX index, which measures uncertainty and volatility in the markets ended yesterday with an increase of almost 15%. Thereafter, the ETNs that follow the index, TVIX and VXX, rose by 19.55% and 9.7% respectively. In order to follow the most recent and significant fluctuations on the markets.

European markets are opening to the downside: the UK100 opened on a fall of 106 points, the GER30 fell by 185 points and the FRA40 by 77 points.

DJ30
DJ30 | DJ30

23,514.8 -128 (-0.54%)

62% sale

BTC
BTC | Bitcoin

6,873.51 34.41 (0.5%)

97% purchase

VXX
VXX | VIX Short-Term Futures ETN Ipath (B)

42.8 3.75 (9.6%)

87% purchase