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Viewsroom: The F’d up oil market

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From Breakingviews: Columnists break down the U.S. government’s attempt to prop up small businesses with the Paycheck Protection Program. Listen on Spotify:

 

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Breakingviews Spoiler: small businesses are not getting the help, Trump cronies are.

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Oil spikes 9% as market rebound puts negative prices in rear view | Markets InsiderWest Texas Intermediate crude oil tore higher for a second straight session, jumping as much as 9% to $17.95 per barrel on Friday. Brent crude, ... Look at the temperatures, global warming still happening even though skies are clearer. Ozone damage isn’t correlated to clearer skies... if anything it makes the heat worse :) f you oil companies (besides Sinopec, you were partially responsible for Petroyuan lol). matt_moore03 💰 LwaziTBE
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Oil market inferno claims victims of all sizesThis week’s price crash in U.S. crude looks an age-old example of small retail investors getting burned while savvy institutional players supply the matches. That does seem to have been part of the story. But some professional money managers probably also got singed.
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US stocks close mixed as virus drug report offsets oil-market surge - Business InsiderThe S&P 500 closed negative after a report showing Gilead's coronavirus vaccine failed to benefit patients in a key trial. So a report from the WHO, that covered up for China and has an axe to grind with America for being defunded. Based on a study done in China, who released this virus and lied about it killing thousands of Americans . That is what disrupts a market rally? REALLY . Unbelievable.
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