NY stock market drops sharply Crude oil prices continue to plunge 5:30 on April 22
The New York stock market fell sharply on the 21st, following the previous day, with Dow's average share price falling $ 630. In the crude oil market, future demand prices have continued to fall sharply due to global overcapacity due to a drop in demand due to the spread of new coronavirus infections, and lack of storage capacity.
The closing price of the New York Stock Market Dow Average stock price on the 21st was 23,018.88 cents, which was 63.61.56 cents lower than the previous day, showing a large drop for the second consecutive day.
The sharp drop in crude oil prices further heightened concerns over the economic downturn, and the rate of decline temporarily exceeded $ 700.
Although the crude oil price fell to the minus on the New York crude oil market for the first time on the previous day, the price of WTI's May futures returned to positive, but the price of the next June was temporarily one barrel = 6 dollars, which was 3 on the previous day. It plummeted to one-half the level.
In the market, there is crude oil all over the world and there is not enough storage capacity, so it is close to a sell-off, and the American media reports that the crude oil market has broken down.
“It has been pointed out that the June price could fall to a negative level. The impact on the US energy industry is significant, and the abnormal situation in the crude oil market has added another weight to the stock price,” a market official said. I will.