-
All-Out Oil Price War Sparks Market Panic
If the demand shock courtesy of COVID-19 was not enough of a stumbling block for the depressed outlook for the price of Oil, an all-out price war broke out over the weekend after Saudi Aramco cut its official selling price and announced that it plans to increase output well in excess of 10m bpd amid OPEC crumbling after a rejection by Russia to further curtail Oil production. The collateral effects have resulted in an absolutely epic hammering of Oil towards the $30.00 mark, another textbook case of what panic selling does to safe haven assets (Gold, Yen, Swissy, Bonds bid to the boost), while the max exodus off ... (full story)
- Comments / Top
- Subscribe
Trader#2461
Mar 8, 2020 10:54pm
Permalink
DonFF
Mar 9, 2020 5:09am
—
Edited
Permalink
Ghass1234
Mar 9, 2020 12:04am
Permalink
4for4
Mar 8, 2020 10:49pm
Permalink
GlobalPrime
Mar 8, 2020 9:24pm
Permalink
DonFF
Mar 9, 2020 2:29pm
Permalink
Trader#A761
Mar 8, 2020 9:21pm
Permalink