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BREAKING: Oil prices plunge 20% amid worries producers won't cut supplies enough to match falling demand in virus-weakened economy. Find updates here:

March 7, 2020 GMT.

March 7, 2020 GMT
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in CA
 

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Trump brow beat the fed into lowering the rate and ballooned the deficit making it impossible to use tools to mitigate economic downturns. Great job trump voters, this how a con man who files for bankruptcy 7 times runs a business.

That'll make airlines happy. 🤔

Virus weakened economy Lol Oil and gas industry will make every excuse in the book to try and Leach more Subsidies and corporate welfare out of government. Fact of the Matter is - Going Green is better, easier, more Profitable, safer, healthier, and Will assure a FUTURE

This is like an instant stimulas

Oh oh. I smell an oil company bailout on the horizon.

Good flood the market. Oil for everyone

TRUMPiCANS 🇺🇸

goliveros Bye bye Trump

Or.... The Kingdom is trying to push Iran into economic disaster by pushing oil prices down.... that’s what’s really happening

So gas prices are going down? That’s great news!

Well, let’s cut that production way down so producers can price gouge.

Keep dropping stocks as I am seeing some 1.99 and less around here...

Fake news. You know the Saudis and Russia are playing for keeps. Nice strawman tho 'falling demand' being responsible for the oil shock apocalypse. Grow up.

Goodbye fracking thank you Russia we appreciate it

Good time to fill up

Oh plz US refinery's will have unexpected shutdowns tmro. Gotta keep the prices inflated.

Most major oil producing countries spend as if there was no tomorrow yet have oil-dependent economies massively vulnerable to low prices. Yet the environment is the winner with huge reductions in CO2 and NOX emissions.

Sure not Obama’s planning?

Donnie got played

SheWhoRises Don't start fucking hoarding it assholes.

Wait for the explosion from the Orange Menace. Twitter may actually burst into flames.

So Trump is going to say that it was his idea to lower gas prices now🤔

Uhhhhhh

Cheap gas!

news for the Little Englanders and Trumpistanistas. It's a Global World. Get used to it.

This is great news ! What a relief at the Canadian gas pumps, eh ? The taxes on Canadian gasoline keep going up. But the increase has been offset by cheap oil.

Yet, somehow they stay high at the gas pump regardless

That's what happens when you have a big ole monopoly for gas and oil Opec is the mob

I expect to see circuit breakers kick in tomorrow once the market opens.

Recession guaranteed, sadly

Damn I’d trade 10 mil people dying for ten cent cheaper gas any day

Interesting Night /day,going too be messy i suggest.

For someone that commutes 500 miles a week to go to work and back I am ok with this.

Let's goo!!!!!

Lol mad the price and supply isnt artificially manipulated. Peak capitalism.

But trump said it was all going to be over by April.... Kellyanne said everything was contained... Pence said everyone who wanted a test could get one...

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