Oil Price Plunged 4.6% Amid Virus Risk

According to an article published in Bloomberg Quint, Oil plunged the most in nearly two weeks as growing delays in Europe’s reopening and looming Iranian supply dampened hopes for a swift decline in global inventories.

UK’s Global trade

Futures in New York fell as much as 4.6% on Monday, sending prices markedly below their 50-day moving average. The U.K. may delay global travel beyond May 17 if coronavirus infections continue to surge elsewhere around the world, adding further pressure on the...

https://mfame.guru/oil-price-plunged-4-6-amid-virus-risk/

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