FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant
If it was a bigger cut “then you would’ve seen oil prices strengthen to $30 very quickly and that would be helpful for equity markets but we didn’t get that,” said Peter Cardillo, chief market economist at Spartan Capital Securities. If the global economy stays closed for another few months “this 9.7 million reduction will be meaningless because people aren’t driving,” Cardillo said.
I doubt it. After a bit of joy. Reality will settle in and oil will continue to fall further before bottoming. Our economy has already been destroyed. Companies of all sizes are getting squeezed. Small companies will disappear. Almost everyone pigged out. God bless🙏🙏
Government's should provide a floor for everyone. FUCK stocks! People are dead, Dead, DEAD!!!
First you have to solve the demand! Then we’ve talking
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Fire whoever wrote this garbage.
Are you fucn joking 😂
Me gustaría saber el precio que pagará México a Donald Trump por el capricho descabellado de López Obrador.
Or not, just saying.