Oil future indexes fell by as much as 94% Monday; sending prices down to the lowest level ever recorded: $1.03 per barrel.
“U.S. equity markets slid Monday as oil crashed toward its lowest close since recordkeeping began in March 1983,” reports Fox News. “The Dow Jones Industrial Average fell by as many as 489 points, or 2.02 percent, before paring its losses. The S&P 500 and Nasdaq Composite were down 1.53 percent and 1.01 percent, respectively, at their lows.”
This is a developing story. Check back for updates
The American oil industry continued to reel during the Coronavirus pandemic Monday, with future indicators dropping approximately 70% and sending prices under $5 per barrel.
“U.S. crude prices plunged to their lowest level in history as traders continue to fret over a slump in demand due to the coronavirus pandemic. The price of the nearest oil futures contract, which expires Tuesday, was the hardest hit, detaching from later month futures contracts with a drop of more than 50%. This suggests that some believe there could be a recovery later in the year,” reports CNBC.
“West Texas Intermediate crude for May delivery tanked 76%, or $13.96, to $4.31 per barrel, its lowest level on record. Meanwhile international benchmark, Brent crude, which has already rolled to the June contract, traded 5.6% lower at $26.49 per barrel. The June WTI contract, which expires on May 19, fell about 10% to $22.54 per barrel. The July contract was roughly 5% lower at $28 per barrel,” adds the website.
This is a developing story. Check back for updates.
'SICKENING': Backlash Grows Against Denver Democrat Who Supported Spreading Coronavirus at MAGA Rallies
Denver’s Democratic Councilwoman Candi CdeBaca is facing a growing backlash on social media this week after calling for those sick with the deadly Coronavirus to intentionally spread the disease at ‘Make America Great Again’ rallies.
“Democrat Denver Councilwoman Candi CdeBaca says that she stands in ‘solidarity’ with someone who says that they if they get the coronavirus that they will attend as many Trump rallies as possible She appears to have made the statement on her government Twitter account,” posted a reporter with the Daily Wire.
These people are sick. https://t.co/74mEIJDOpa
— Donald Trump Jr. (@DonaldJTrumpJr) March 3, 2020
“These people are sick,” posted Donald Trump Jr.
“This elected Democrat in Colorado doesn’t seem very nice!” the Trump campaign War Room Twitter account posted in response.
— Trump War Room – Text TRUMP to 88022 (@TrumpWarRoom) March 3, 2020
Read the full report here.
Source: Fox News
A NEW LOW: MSNBC Analyst Claims Trump’s Coronavirus Response Constitutes ‘Involuntary Manslaughter’
MSNBC Legal Analyst Glenn Kirschner left millions of users on social media scratching their heads this week; baselessly asserting President Trump’s Coronavirus response could be prosecuted for “involuntary manslaughter.”
“Trump’s conduct easily satisfies all 3 elements of involuntary manslaughter. In fact, his gross negligence is beginning to look more like conduct evincing a ‘conscious disregard of an extreme risk of death/serious bodily injury = the standard for depraved heart/2nd degree murder,’” he posted on Twitter.
Trump’s conduct easily satisfies all 3 elements of involuntary manslaughter. In fact, his gross negligence is beginning to look more like conduct evincing a “conscious disregard of an extreme risk of death/serious bodily injury = the standard for depraved heart/2nd degree murder. https://t.co/XVHYy5CqWU
— Glenn Kirschner (@glennkirschner2) April 6, 2020
Ohio Democratic State Rep. Tavia Galonski took her party’s war against the White House to a new level this week; saying the President should be charged for “crimes against humanity” over his Coronavirus press briefings.
“I can’t take it anymore. I’ve been to The Hague. I’m making a referral for crimes against humanity tomorrow. Today’s press conference was the last straw. I know the need for a prosecution referral when I see one,” posted the legislator on social media.
I can’t take it anymore. I’ve been to The Hague. I’m making a referral for crimes against humanity tomorrow. Today’s press conference was the last straw. I know the need for a prosecution referral when I see one. https://t.co/XQin24gqY4
— Rep. Tavia Galonski (@RepGalonski) April 6, 2020
“State Rep. Tavia Galonski tweeted Sunday after President Trump spoke about hydroxychloroquine at his daily press briefing. The drug, normally used to treat malaria, is one of several that the president has pointed to as showing promise in the fight against COVID-19, but its effectiveness has been a subject of debate,” reports Fox News.
Read the full report here.
Source: Fox News