Oil prices plummet to historically low levels

Chaos is still on the oil markets

Black gold is experiencing its worst defeat in history since several types of petroleum contracts and petroleum derivatives have recorded double-digit losses in recent days to reach a historic low level. After falling yesterday to a single-digit dollar price, West Texas Intermediate oil recovered slightly but was still down about 15% at the time of writing, trading below $ 12. The recent crisis is the result of the coronavirus pandemic, which has severely impacted global demand for oil. For an in-depth analysis of the current situation on the oil market.

OIL | Oil

11.45 -2.48 (-17.8%)

81% purchase

In the spotlight: international markets react to the oil crisis

Wall Street is moving towards slight gains at the opening: the US markets recorded two consecutive negative sessions while the coronavirus and the world oil crisis continue to impact the markets. Yesterday, the DJ30 closed more than 2.6% lower while the SPX500 and NSDQ100 both closed more than 3% lower. This morning, the futures contracts indicate slight gains for the DJ30 at the opening of the markets. To follow the latest information on the global impact of the pandemic.

Cryptocurrencies show lower volatility: the cryptocurrency market has been generally less volatile in the past 24 hours since 8 of the 10 main currencies showed fluctuations of less than 0.5% at the time of writing this report . Bitcoin has seen little change, trading slightly below $ 6,900 this morning.

The Asian markets are mixed: in Asia, the markets somewhat agitated the international fall in oil prices this morning. At the time of writing, the JPN225 was down, the HKG50 was almost flat and the China50 was up.

Netflix is ​​showing massive growth: the streaming video giant announced its quarterly profit and loss accounts yesterday after the close. While revenues were very close to estimates, user growth, with 15.77 million new subscribers, more than doubled analysts' forecast of 7.7 million.

The VIX ETNs continue to progress: While the VIX, the “fear index” closed yesterday up 3.6%, the ETNs that follow the index, TVIX, and VXX, rose respectively by 23, 78% and 12.25%. In order to keep up with the most recent and significant market fluctuations ,.

European markets are opening up: the UK100 opened on a rise of 32 points, the GER30 rose by 34 points and the FRA40 by 11 points.

NFLX
NFLX | Netflix, Inc.

433.56 -3.93 (-0.9%)

97% purchase

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

46.3 3.46 (8.08%)

89% purchase