OIL DOWN OVER 7%

March 6th, 2020

Update: Oil Closes Down 9.43%

—

Russia refuses to cut output.

Via: Reuters:

OPEC’s plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move arguing that it was too early to predict the impact of a coronavirus outbreak on global energy demand, sources told Reuters.

Posted in [???], Collapse, Economy, Energy | Top Of Page

One Response to “OIL DOWN OVER 7%”

  1. Loveandlight says:
    March 6, 2020 at 10:51 am

    I can’t help but wonder if Russia is trying to sink the US “fracking” industry, which is generally known to be very unprofitable and is only being kept going by the fact that the finance industry just keeps rolling over their debts and giving them more loans.

Leave a Reply

You must be logged in to post a comment.