frankv:wellygary:
Well here is an interesting outcome of CoVid-19...
After Russia and Saudi Arabia couldn't agree on production reductions to support the price of oil last week, there is now an all out oil war between them and the price of crude fell 20% this morning after a 10% fall on Friday as Saudi said they would pump MORE.....
As at 11am NZD Brent is at $35/bbl and WTI at $32/bbl
I don't see how this is related to covid-19. Unless self isolation has reduced transport demand and therefore oil demand.
Yes that is the reason quoted in the media. Cars in Asia, and global air travel is probably 90% of it, if not all of it

