A bear stampede has taken hold of oil markets as the coronavirus continues to spread fear, uncertainty and doubt. Oil futures slid for a 10th straight session Monday as casualties hit 426 and the number of infections surpassed 20,000. And now big money managers have joined the stampede as new data reveals the virus is creating severe demand shocks that could further depress prices. Reuters has reported that fund managers and hedge funds were heavy sellers of crude oil and various refined products last week as the worsening outbreak heightened fears of a demand meltdown in China, the world’s leading importer of crude. Brent crude prices
Hence then, the article about bear run sends oil down for 10th straight session was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Bear run sends oil down for 10th straight session )