After the crash to the start of the week, the price of oil on Tuesday trading in Asia again. The price for a Barrel of North sea Brent crude oil rose by 6.6 per cent to $ 36. The Barrel price for WTI rose by 6.1 percent to more than 33 dollars.

On Monday the price of oil was dropped temporarily by about 30 percent. That was the biggest crash since the Gulf war in 1991. In addition to the Worries due to the Coronavirus, the slump in the oil price to a world-wide dramatic decline of stock exchanges contributed. The reason for the rapid decline of the Oil price on Monday, the dispute between the large oil producers Saudi Arabia and Russia. Riyadh wants to reduce the flow rate to stabilize the price. Moscow rejects this.

in Asia, the most important in Tokyo and lost on Tuesday in the Wake of the massive losses in New York to the ground. The Nikkei Index for 225 leading values fell initially by more than 660 points. He could then catch up again. Well one hour after the start of trading, the stock market barometer was quoted at a discount of even 282,15 points or 1.4 percent in 19'416,61 counters. (chk/sda)

Created: 10.03.2020, 04:15 PM