Crude Tumbles

  • A tumble for crude oil futures on Tuesday could impact broader markets. Futures in New York slumped as much as 3.5% for their biggest drop since the end of September on a report saying American Petroleum Institute stockpiles rose by 5.95 million barrels last week, ahead of government figures due later today.
  • A lack of progress on the trade war has also stoked concern around growth and the demand for energy, with the European benchmark, Brent crude, now down about 18% since April. 

(Source: Bloomberg)