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Inside the Biggest Oil Meltdown in History
Содержание
What happened?The first-ever zero oil trade happened at 2:08 p.m. on Monday, April 20
Слайды и текст этой презентации
Слайд 1Inside the Biggest Oil
Meltdown in History
On April 20, chaos reigned
in oil
markets. Here’s what happened.
Слайд 3Why it happened?
Traders reached their last day to trade oil
for delivery in May before their the contracts expire
The lack
of demand explains as a result of coronavirus outbreakOil price war between Saudi Arabia and Russia
Слайд 4The consequences
Cheaper gasoline prices at the pump
The increase of traders
who are interested in buying oil low and reselling it
laterProbable blow of favour to Donald Trump who took credit for brokering a historic deal between the Opec oil cartel and the world’s largest oil producing nations to limit the flood of oil production into the market
