Oil’s 4 percent tumble weighs on energy shares; banks rally

July 16, 2018 admin Business News Comments Off on Oil’s 4 percent tumble weighs on energy shares; banks rally

The price of oil tumbled more than 4 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank.

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Source:: Reuters – Business News