Saudi Flood of Crude About to Crash Into Demand Destroyed by Coronavirus Containment Measures | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Saudi Flood of Crude About to Crash Into Demand Destroyed by Coronavirus Containment Measures

March 16th, 2020
Oil just broke down under $30.

Via: Reuters:

Saudi Arabia’s move to flood the crude oil market is on a collision course with global demand that is about to be pummelled by the coronavirus pandemic, especially in North America and Europe.

As the outbreak intensifies and spreads across Europe and the United States, governments are trying to contain it by effectively shutting down many transport links and encouraging social distancing.

Webmaster's Commentary: 

The timing here could possibly have been worse; but it is hard to see how.

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