Oil crashes 8pc as US-Iran pause, but tech bloodbath continues
Crude prices soared on the flare-up, with Brent breaking back above US$100 a barrel last week for the first time since May. "Although the situation in the...
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Summary
US Crude fell 8.21 per cent to $US81.98 ($117) a barrel, and Brent Crude to $US87.77 ($125) per barrel, down 9.31 per cent on the day. The end of the US campaign after 13 successive nights of intensifying bombing and Mr Trump's remarks on talks sent oil prices tumbling. The share price of China's leading memory chipmaker, CXMT, rocketed more than 500 per cent on its market debut in Shanghai to become the mainland's most valuable company, before later paring the gains to end up 465 per cent.
Furthermore, Brent dropped over 8% as calmer Middle Eastern tensions provided temporary respite, though analysts cautioned that the situation remains unresolved.
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US Crude fell 8.21 per cent to $US81.98 ($117) a barrel, and Brent Crude to $US87.77 ($125) per barrel, down 9.31 per cent on the day.
according to ABC News Australia — WorldThe end of the US campaign after 13 successive nights of intensifying bombing and Mr Trump's remarks on talks sent oil prices tumbling.
according to ABC News Australia — WorldThe share price of China's leading memory chipmaker, CXMT, rocketed more than 500 per cent on its market debut in Shanghai to become the mainland's most valuable company, before later paring the gains to end up 465 per cent.
according to Malay MailBrent dropped over 8% as calmer Middle Eastern tensions provided temporary respite, though analysts cautioned that the situation remains unresolved.
according to Malay Mail
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