Wall Street drops on oil price crash, earnings anxiety; Dow falls over 2%


Wall Street tumbled on Monday after US crude futures turned negative for the first time ever, with traders forced to pay to unload crude as the May contract expired during a global economic slump unleashed by the coronavirus outbreak. The S&P energy index tumbled 3.

7 per cent after the front-month May US West Texas Intermediate (WTI) contract actually turned negative, with sellers offering $37.63 a barrel to any traders willing to take it. With billions of people staying home around the world due to the coronavirus, physical demand.....

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