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Business 23 Apr 2020 | 7:00 AM

Oil ETF crisis spreads to Hong Kong as fund tumbles 50%

HONG KONG: The unprecedented drop in the United States oil futures is rippling through the world’s exchange-traded fund (ETF) market, with the latest example in Hong Kong.

Business 22 Apr 2020 | 7:00 AM

Oil at two-decade lows, price of US crude for delivery below zero

LONDON: Benchmark Brent and US oil futures for June delivery plunged to around two-decade lows yesterday, a day after US May futures sank into negative territory for the first time in history, as demand tumbled due to the coronavirus crisis.