RSS

Archive for March 9th, 2020

March 9th, 2020 - 12:36 am § in Donald Trump, Economics

Oil prices collapse after Putin rejects production cuts and Saudi Arabia retaliates

Stocks plunge; Dow drops 2,013 points in Monday trading Oil prices plummeted over the weekend after Russia rejected OPEC-proposed production cuts, setting off an oil-price war with Saudi Arabia. Futures for West Texas Intermediate (WTI) crude fell below $28 on Sunday, and WTI settled at $30.99 in Mo[...]