Home » today » News » Why the oil drop is worrisome

Why the oil drop is worrisome

A priori, low oil prices are not bad for the economy, since they favor consumption. However, the fall in the barrel recorded since Friday has sown panic on the world stock markets on Monday. Because it results from a price war between Saudi Arabia and Russia, which intervenes in a world context already made uncertain by the epidemic of coronavirus.

Also read: The specter of 2008 hangs over the stock markets

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.