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Friday, June 5th, 2020

Coronavirus – Oil prices could fall below $10 a barrel

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by April 5, 2020 Financial News

BizNews — Oil prices have been hammered as the coronavirus has led to evaporating demand. With no planes in the sky and few cars on the road, demand has flatlined and marginal oil producers are starting to fail. Some have pinned their hopes on a supply-side intervention, arguing that if large producers like Saudi Arabia and Russia cut their production, oil prices may find a floor. But in this episode, featuring content from the Bloomberg P&L podcast, we discuss why oil may yet fall to historic lows. We also look at potential opportunities in the stock market and ask just how painful the coronavirus-induced global economic hit is likely to be. …

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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