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Economy
Oil hits 7 year high; also Evergrande stops being traded
2021-10-05
[WashingtonTimes] ... unusually high prices for natural gas are pushing some electricity producers in Asia to switch from natural gas to oil-based products, helping support prices.

The price of a barrel of crude jumped by 3%, or $2.32, to $78.17 on the New York Mercantile Exchange, the highest since 2014. The Brent international benchmark hit a new 3-year high at $81.48, up 2.8% on the day.
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Evergrande is no longer trading on the Hong Kong Exchange
Related:
Evergrande: 2021-09-22 Evergrande: Huge debt threatens to collapse, a big hit to markets but where did the money go
Evergrande: 2021-09-21 China's Evergrande Contagion- How bad will it be for USA and World
Evergrande: 2021-09-12 Angry Evergrande Homebuyers Protest Against Construction Halt
Posted by:Lord Garth

#1  crude up again today

also more problems in the China R Estate market today
Posted by: Lord Garth   2021-10-05 16:11  

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