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US Stock Index So tough on Monday After severe European COVID situation The price of US oil fell by more than 4% as Libyan crude was about to enter the market. The price of gold is at its lowest level in two months.
US Stock Market Trades closed on September 21, 2020 in negative territory, with the Dow Jones down 509.72 points, or 1.8%, to 27,147.70 points, while the S&P 500 fell 38.41 points, or 1.2%, at 3,281.06 points. The NASDAQ index was down 14.48 points, or 0.1%, to 10,778.80 points.
Wall Street markets fell on Monday. From the bad news on the COVID-19 situation in many countries in Europe causing concern that you may need to regain measures to restrict movement again. What will cause the economic recovery of the world elephant. There is also concern that the US Election will further delay the issuance of corrective COVID budgets.
The price of US oil fell more than 4% on expectations. Libya will start gradually. It entered the market from the end of this month to the level of 650,000 bpd in early 2021, which will increase the supply of crude in the market. As energy demand continues to decline
West Texas Intermediate (WTI) crude oil futures for October delivery fell $ 1.80, or 4.4%, to $ 39.31 a barrel. Brent, North Sea, London November deliveries fell $ 1.71, or about 4%, to $ 41.44 a barrel.
Gold prices fell nearly 3 percent on Monday to a two-month low after the dollar rose 0.8 percent and concerns about a revival of European control measures. For Comex futures contract The December delivery period fell US $ 51.50, or about 2.6%, to close at US $ 1,885.40 an ounce, the lowest level since July 31.
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