Russia Blog

When an Oil Price War Meets Coronavirus Fears, Markets Get Punched in the Face

A major price war between two of the worlds largest oil industries is interrupted by the fast spreading coronavirus. With the people fearing the worse and going out and buying a ton of oil the prices have dropped by at least 30%. The airports that rely on oil and other industries should benefit from this but they expect the prices to drop another 5-10% in the coming years.

Leave a Reply

Your email address will not be published.