in response to coronavirus, sparking a price war.
Saudi Arabia plans to boost crude output and offer deep discounts to the US, Europe, and Asia starting next month,"Russia punched investors in the face as it refused to follow OPEC with further production curbs to match the slump in oil demand caused by the coronavirus breakout," Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said in a morning note.
"The blood really is running in the streets, it's utter carnage out there," Neil Wilson, chief market analyst for Markets.com, said in a morning note. "We don't know even know what kind of impact the coronavirus will have on the economy yet bond and equity markets are screaming recession."
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JeffTanchak19 The poor investors 😭😭😭😭