dropped 5.1% and Australia's commodity-heavy market closed down 7.3%, its biggest daily fall since the 2008 global financial crisis.
There were also worries that U.S. oil producers that had issued a lot of debt would be made uneconomic by the price drop. “Dollar bloc central banks cut policy rates by 125 basis points, not as a way to stop a viral pandemic, but to stem a fear pandemic,” he added, while noting that many central banks had little scope to ease further.A tectonic shift saw markets fully price in an easing of 75 basis points from the Fed on March 18, while a cut to near zero was now seen as likely by April.
It’s great when you have such stable friends as the Saudis, are you guys feeling safer now
Crude oil prices have gone up in Indonesia, because Arab oil is going down, isn't that weird?
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Drill baby, drill. YouthInnAsia use only the fossilized fuels for music making. oilprice
will we see s reduction at the pumps?
The United States can take part in a coordinated reduction in oil production together with the main participants, since they themselves are the largest producers. If not, then the United States is hitting shale projects themselves!
we can get the cheaper oil for our's car. may be a not bad news.
Together with coronavirus, may be just the right ingridients for a.recession
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good for the consumers
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