View of the Dax curve in the Frankfurt trading hall.
(Photo: dpa)
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Dusseldorf The German stock market cannot escape yesterday’s drop in the price of oil. At the close, the Dax fell almost four percent to 10,250 points.
The topic on the markets is the oil price collapse on Monday evening, which occurred in Germany after the market closed. In the United States, the price of oil plummeted for the first time in its history due to the coronavirus pandemic. Sellers had to pay money for someone to take their oil. The price for the US WTI futures contract for May plummeted Monday by almost $ 56 to minus $ 37.63 a barrel (159 liters).
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