Futures slump: A pump jack operating in the Permian Basin oil production area near Wink, Texas. Oil futures in New York slumped as much as 2.1 after rising 1.3 earlier this year. — Reuters
SEOUL: Oil’s beginning 2019 with the same price volatility that marked the end of last year as uncertainty over crude output and the health of the global economy keep investors wary.
Futures in New York slumped as much as 2.1% after rising 1.3% earlier in day, following a 1.8% gain over the final two trading sessions of 2018. Risk assets including stocks slid yesterday after data showed factory conditions across some of Asia’s most export-oriented economies slumped in December, hit by a trade war between the United States and China.
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