MARKET OPEN: Sliding dairy, oil prices to cast pall over investors

Wed, 22 Apr 2020

Weak dairy prices and ongoing fears over the collapse in oil prices are likely to weigh on local markets today as investors fret over the impact on the domestic economy. West Texas Intermediate futures for May delivery - which settle with the physical delivery - went into negative territory for the first time this week as dwindling demand and limited storage meant the price of stowing away unused barrels of oil exceeded the value of the commodity. That's weighed more broadly on the demand outlook for, and prices of, other commodities includ...

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