• Oil gains as governments pile on the economic stimulus

    Oil gains as governments pile on the economic stimulus

    Oil prices rose on Friday as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia. Brent crude futures LCOc1 were up $2.12, or 7.4%, at $30.59 a barrel by 1012 …
  • Will oil crash hurt Elon Musk’s e-car company Tesla?

    Will oil crash hurt Elon Musk’s e-car company Tesla?

    Tesla stock is being battered along with the rest of the market, but how significantly will the crash in the price of oil impact the electric-car company? Alternative fuel plays almost always head south when oil gets cheaper, and that is likely to be exacerbated if consumer spending contracts. Will 2020 go down as the …