Sentences with phrase «sent oil prices crashing»
The last time this happened the unwinding of the large long position in 2014 sent oil prices crashing from $ 107 per barrel to a low of $ 26 per barrel.
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They included 1987 (biggest one - day stock market crash in history); 1990 (Iraq and then the United States invaded Kuwait, sending oil prices up and causing a recession); 2001 and 2002 (the dot - com crash and September 11 created two years of market losses); and 2008 (the Great Recession).
Armed with such results, Shell and Total are in payback mood to investors, buying back shares after diluting stakes with scrip dividends - consisting of shares rather than cash - introduced after the price crash which sent oil prices as low as $ 28 a barrel.
After chopping spending by almost one - third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China's energy giants Continue Reading
However, with oil prices now at six year lows investor fears and uncertainty have sent share prices crashing by as much as 64 % in the last six months.