There’s still some concern that the 10 million barrels per day cut won’t be enough to offset demand destruction so the outlook for oil prices remain subdued
OPEC+ alliance agrees to cut production by 9.7m barrels a day; rent rose about 3% to $32.50 a barrel.
Global oil benchmark Brent crude plunged to its cheapest level in almost 18 years on Monday and U.S. crude briefly tumbled below $20 a barrel
MSCI Asia Pacific Index lost 20% in 1Q, worst since 2008; Nations with pandemic stabilized better positioned
Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent.
Oil analysts are anticipating barrel prices as low as $20 within the year.
If the economy is to recover when disease conditions improve they have to keep going concerns afloat -- very different than even 2008.
Board decided to lower the cash rate by 25 basis points to 0.50 per cent.
FED decided to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent.
It’s past time for us to unite as a nation and create even more jobs by harnessing the power of the sun