Newest video updates about Coronavirus. Check out this “Coronavirus: Economic fallout intensifies with crashing oil prices | DW News” video below:
The economic consequences of the coronavirus epidemic have sparked a conflict among major oil-producing nations. Last week, oil producers were unable to agree on a reduction in production volumes, resulting in a price war between OPEC and Russia. That has sent oil prices plummeting. The price of oil collapsed by 31.5 percent at the start of trading, the lowest price since January 1991.
As a…..(read more)