Oil bounces after biggest one-day drop in 30 years

Oil bounces after biggest one-day drop in 30 years

Oil prices rebounded Tuesday after seeing possibly the biggest rout in nearly 30 years the previous day. This came on expectations of economic stimulus and Russia signaling that talks with OPEC remained possible. Speaking to reporters, the Russian Energy Minister said that Moscow had not ruled out measures with OPEC to stabilize oil markets.

KCooper
KCooper
Denitsa
Denitsa 3 weeks

I really dislike Trump but this is actually a suitable reaction to the situation. Global panic will be an incredibly stupid reason for a world economic crisis... (oil is a part of it, of course, but it wouldn't be nearly as bad if the coronavirus-related craziness wasn't affecting markets as well)

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