Question & Answer: The Oil Crisis and Its Repercussions
- Published in Political Questions
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The news reported the sudden drop in the price of oil, especially Texas oil, until it reached about $30 below zero. Even Brent crude, famous for its regular trading, fell about 9% to $25 a barrel, and the reasons are varied, whether it was because the oil tanks became completely filled or almost overflowing, or due to the effect of the Coronavirus that led to a decline in the economy…
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