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BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
#4
RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
(March 9, 2020 at 4:39 am)WinterHold Wrote:
(March 9, 2020 at 4:27 am)BrianSoddingBoru4 Wrote: That, coupled with crashing stock markets, should do it.  The global recession is here.  Not 'if'.  Not 'when'.  NOW.

Boru

https://www.cnbc.com/2020/03/09/european...lumps.html

Quote:European shares fall 6.5% and Italian stocks fail to trade; BP tanks 24% as oil prices crash

Now that was quick !
Yes; global recession indeed

Not sure you can blame it all on MBS, though.  Flooding the market is a pretty common tactic to regain market share.

Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war - by BrianSoddingBoru4 - March 9, 2020 at 4:55 am

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