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Stocks, oil prices plunge as virus closes sites around world

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What you need to know, from AP Morning Wire: • Italy quarantines 16M to combat virus as global stocks drop • Exclusive: Juul donated tens of thousands to state attorneys general • Pot entrepreneurs flock to Bible Belt for low taxes SUBSCRIBE:

 

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World stocks sink on coronavirus shock, oil price crashGlobal share markets fall as panicked investors flee to the safety of bonds and the yen to hedge the economic trauma of the coronavirus, while oil plunges more than 30% after Saudi Arabia opens the taps in a price war with Russia Saudi Arabia's move, whether intended or not, will ease the global economic crisis by lowering cost of fuel while also collapsing the Russian economy because Russia can't compete with SA & ruble is heavily based on oil. It's a good move by KSAmofaEN - Russia, check! I'm going deeper underground, there's too much panic in this town Russia will be the loser here they wont be able to compete with the Saudis and a reduction in the price of oil will help to cushion some effects of the Virus for global industry
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Media Stocks Caught Up As Global Markets TumbleStock markets have fallen sharply around the world after Saudi Arabia launched an aggressive oil price war which caused oil prices to fall by almost a third. The UK’s FTSE 100 index plunged by over…
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Global stocks and oil prices plunge over global fight for crude productionGlobal stock markets and oil prices have plunged after a squabble among crude producers jolted investors who already were on edge about the rising costs of a virus outbreak Love to see it.
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Global stocks tumble as oil crashesStock futures were down again Sunday evening as the novel coronavirus outbreak continues to roil financial markets. How do you know this, when it's only SUNDAY? The time is so perfect to invade China.
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