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‘A true black swan’ — stocks and oil slump as Wuhan coronavirus hammers markets

The deadly virus has infected more than 2,700 people, killed 80, and spread to at least a dozen countries.
Three oil and gas rigs owned by Transocean Ltd sit idle in the Grand Harbor in Valletta, Malta October 22, 2015.

Oil is on track for its worst week since July amid coronavirus fears

The outbreak of coronavirus has disrupted the Lunar New Year, an important holiday where hundreds of millions of people in Asia travel.
The New York Stock Exchange

The Wuhan virus isn’t just hitting Chinese stocks — here’s how global oil and bond markets are moving

Concerns about the impact the coronavirus could have on the Chinese economy rippled through global oil and bond markets Thursday.

Oil climbs above $65 after an escalation in Libya’s civil war forces the shutdown of 2 major oilfields

Supporters of military commander Khalifa Haftar closed a pipeline connecting two major oilfields in Libya, sending Brent crude to the highest since January 9.
A satellite image of marine traffic passing through the Strait of Hormuz as on January 9, 2020.

How the Strait of Hormuz, a narrow stretch of water where ships carry $1.2 billion of oil every day, is at the heart of spiraling tensions with Iran

Iran could exact its revenge on the US and its allies by shutting or harassing tankers in the strait, which would heavily disrupt oil markets.
FILE PHOTO: Amin H. Nasser, President and CEO of Aramco, attends the official ceremony marking the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh

Saudi Aramco upsizes its record-shattering IPO by $3.8 billion

Aramco set aside 450 million shares for investors as it gauged early demand, and Goldman Sachs released proceeds from the allotment over the weekend.
FILE PHOTO: The sun sets behind a pump-jack outside Saint-Fiacre

Oil plummets to its lows of the day after President Trump says Iran ‘appears to be standing down’ in the Middle East

The fall erased all earlier gains from a spike in oil prices early Wednesday following an Iranian missile attack on US forces in Iraq.
Kuwait Oil Company workers change pipes on a drilling rig on the northern border between Iraq and Kuwait.

Oil’s wild ride: Here’s why the precious resource is now trading lower after spiking 5% on Iran’s missile attacks

Prices reversed when a US statement said the attack caused no casualties, and President Donald Trump tweeted that "all is well" after the incident.

Why markets are oddly subdued after Iran’s attack on US bases in Iraq: ‘You call that a knife?’

Gold punched above $1,600 for the first time since 2013, and oil spiked. But the gains fizzled. "They've barely scratched the US," says an analyst.
FILE PHOTO: Sign of Saudi Aramco's IPO is seen during a news conference by the state oil company in Dhahran

Saudi Aramco has seen $200 billion of market value erased since its record-shattering IPO as Mideast tensions drag it lower

Some analysts believe Iran could retaliate by targeting oil infrastructure, placing Aramco at increased risk of a crippling strike.