• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Wednesday, October 29, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Global Markets

Oil further declines to levels last seen in 2008.

The Trading Room by The Trading Room
in Global Markets
Reading Time: 1 min read
A A
0
Oil Prices WTI
Share on FacebookShare on Twitter

Oil is headed for its largest weekly collapse since 2008 as a bitter price war erupted between Saudi Arabia and Russia, and coronavirus contagion cratered demand.

RELATED POSTS

Oil prices dip as OPEC+ output plans and Russia sanctions reshape market sentiment

Wall Street Surges to Record Highs as tech earnings and U.S.-China Trade Optimism Fuel Investor Confidence

Oil Prices Edge Higher as U.S.-China Trade Framework Eases Market Tensions

Oil Futures in New York are down 18% this week. The crude surplus may reach a record high by April as the two former OPEC+ allies race to increase production, according to Goldman Sachs Group Inc. The market’s structure has already returned to a super-contango, indicating a big oversupply.

Crude recovered some of this week’s losses on Friday, with equities paring Thursday’s slump. Still, signs of fear abounded, with oil more volatile than during the financial crisis.

The slump in oil may make recovery of global markets even harder as the Corona-Virus pandemic continues to hit markets globally. As at yesterday, markets had faced an 11 Trillion dollar loss in value and with every reported case of the virus, value keeps deteriorating.

Post Views: 1,060
Buy JNews
ADVERTISEMENT
Tags: Bent CrudeOilOil FuturesRussiaSaudi Aramco
Previous Post

Market Report: 13 March, 2020

Next Post

Bill Gates Exits Microsoft, Berkshire Boards

The Trading Room

The Trading Room

Related Posts

Brent Crude Oil prices wti
Commodities

Oil prices dip as OPEC+ output plans and Russia sanctions reshape market sentiment

by Felix Ochieng
U.S Stock Markets Wall Street
Global Markets

Wall Street Surges to Record Highs as tech earnings and U.S.-China Trade Optimism Fuel Investor Confidence

by Felix Ochieng
Brent Crude Oil Prices WTI
Commodities

Oil Prices Edge Higher as U.S.-China Trade Framework Eases Market Tensions

by Felix Ochieng
NSE
Weekly Markets Review

NSE Weekly Market Review – Week 41

by Joan Stacy
Next Post

Bill Gates Exits Microsoft, Berkshire Boards

The Trading Room: Weekly Market Review – Week 11, 2020

The Trading Room: Weekly Market Review – Week 11, 2020

NSE Nairobi Securities Exchange STOCK MARKET

NSE to issue Remote Access guidelines to Brokers.

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,343)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,455)
  • Hilda Njeru Takes over at CDSC (2,306)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (2,291)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (2,027)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average European Stock Markets Global Economy Global Markets Gold Hang Seng Index Investing in Kenya Jakarta Stock Exchange Kenya Bankers Association Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Stanbic Bank

Stanbic Bank Facilitates USD 45 Million Cross-Border Funding to Drive PepsiCo Bottlers’ Growth in East Africa

NSE Nairobi Securities Exchange STOCK MARKET

NSE Market Report: Turnover Surges 264% as Safaricom Drives Volume

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$460.55  1.80%  
GME 
$23.30  0.98%  
MSFT 
$542.07  1.98%  
AAPL 
$269.00  0.07%  
AMC 
$2.72  0.74%  
ABNB 
$128.01  0.82%  
GOOGL 
$267.47  0.67%  
AMZN 
$229.25  1.00%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?