Futures & Commodities

The world's largest oil producers agreed to a historic production cut of almost 10 million barrels per day.

WTI crude oil fell after the historic agreement.

The apparent end to Mexico’s standoff would potentially cement a deal between OPEC producers and their allies that would reduce global crude oil output by 10 million barrels a day until July.

A lending program that the Fed announced Thursday is one of several measures the central bank has taken in recent weeks to protect the economy from a virtual shutdown ordered to help limit the spread of the viral disease.

WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand.

Many U.S. energy companies are fighting to stay afloat after an imbalance between oil supply and demand slashed 44 percent from the S&P 500 energy sector’s market value.

Russia and Saudi Arabia are set to hold a virtual meeting to discuss production cuts that President Trump has suggested could total 10 million barrels per day.

Oil prices surged on word OPEC and its allies will hold a virtual meeting on Monday.

WTI futures for May delivery fell 6.6 percent to $19.92 a barrel.

U.S. equity futures traded limit down Sunday evening as Congress continues to grapple over the details of a third COVID-19 stimulus package.

Coronavirus fears sent the Dow into a nosedive to the tune of about 3,000 points.

U.S. equity futures plunged after the Federal Reserve cut rates to near zero and announced a $700 billion asset-purchase program,

The trading floors will temporarily close at the end of business on Friday.

Middle Eastern stocks plunged on Sunday, with Kuwait falling the most, as the spread of coronavirus stoked fears that outbreak could hurt the global economy and oil prices.

The coronavirus is wreaking havoc on U.S. financial markets.

Oil declined for a third session, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses.

U.S. equity futures are pointing to a large decline in stocks on Monday morning on concerns about the spread of coronavirus outside China, with Italy, South Korea and Iran seeing a big jump in infections.

Critics charge that the gains being made by energy companies come at the expense of the environment.

A hat trick for US stocks as Dow joins S&P, Nasdaq hitting record levels.

World health officials have expressed "great concern" that the disease is spreading between people outside of China.