Corona Virus and Oil

Corona Virus and Oil  
 U.S. Crude oil prices declined to negative following a deflationary trend due to higher supplies and lower demand amid corona virus pandemic. Further production cuts will destabilize the oil industry resulting in bankruptcies because of failure of companies to meet debt repayments. Government intervention will make the industry sustain its losses and stabilize the industry, however, that will not be adequate as the entire way of doing business has altered just after a few months of emergency measures post-corona virus outbreak, globally.

Oil prices

Future trading in oil is bound to take a hit and markets will return to their course only if certainty emerges out of the global Covid-19 pandemic.

At Polyown Think Tank, we would like to interact with our readers, please leave your valuable comments and tell us what you think, is the future of oil market post corona virus pandemic.

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