Continued oil market turmoil weighs on global stocks

New York (AFP) – Oil-price turmoil gripped markets once more Tuesday, a day after US crude futures crashed below zero for the first time as the coronavirus crisis crippled global energy demand and worsened a supply glut.The commodity rout also sent world equity markets spiraling lower, as investors fretted it could compound an expected deep global economic downturn. The benchmark WTI price collapsed Monday to an unprecedented low of minus $40.32. Negative prices mean traders must pay to find buyers to take physical possession of the oil — a job made difficult with the world’s storage capacity…

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HEDGE accordingly