trading

Even the oil market turned higher.

The extreme volatility in energy markets highlights investors’ worries about the duration of the coronavirus outbreak.

Traders are paying about $16 per barrel for U.S. oil to be delivered in June.

Markets have been stuck cycling between fear and budding optimism in recent weeks.

He also said he sees a chance of recession and promised help to the struggling airline industry.

The steep drops over the last month have wiped out most of the big run-up.

The losses accelerated after health authorities declared the outbreak a pandemic.

President Donald Trump says he’ll ask Congress for tax relief and other quick measures.

Europe fell into a bear market.

Treasury yields sank to new lows as investors scrambled for safety.