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Theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see will fall further and therefore will fall through the 50. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on short and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know running supertankers and will facility space in south korea to the to the millions of barrels of oil that theyre storing on that oil will eventually rise and i believe that theyre right now sean are we still looking at a chance that chinese Oil Storage Capacity could actually run out and oil prices overshoot even more to the downside. Its possible they dont really publish their numbers officially but from what i gather theres about 400000000 barrels that th ....
A w. H. O. Is launching more than 80 Clinical Trials to find a cure. And now to give us the latest on how markets are reacting we welcome back shawn hyman editor of logical investor so shawn some analysts are saying that this outlook right now is way too pessimistic and that chinas economic stimulus measures could lead to a Global Recovery especially in oil demand and theres also the hope that opec will also cut supply again by 1700000. 00 Barrels Per Day though any decision made was obviously take time to implement so where do you think this equilibrium is at and have we reached a bottom or is this still more room to fall for oil prices. Its possible that theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see will fall further and ....
This is the one business show you cant afford and that im. Bored washington is coming to the coronavirus continues to infect several sectors of the Global Economy especially with the drop in chinese for as we break down the slope of oil and where markets go from here. The u. S. Pressure to play against while way continue to heat up as the trumpet ministration is threatening to withhold intelligence breakdown the latest in the fight for fire. And later and social media facebook c. E. O. Is on the ground in buffalo new with you what effect could this meeting have on the block new regulation we have so much to dig into i thought lets go. The ground running. U. S. Equity markets are closed today but investors are bracing for the economic fallout from the corona Virus OutbreakGoldman Sachs cut a q one while price target by 10 ....
But january was a bad month all of the v. W. Brands combined sold 343000. 00 cars a drop of 11. 3 percent compared with last year the outbreak has come at a time when the car Industry Worldwide is already facing many challenges the diesel gate scandal and the difficult switch to electro mobility are among the biggest for german car makers if the Current Crisis in china goes on much longer it might come to rival those other problems. As it was pandey is tracking this story for us as a lot of stocks paint a different picture today theyre cheering on chinas latest stimulus efforts to curb the Economic Impact of the coronavirus is that going to save europes carmakers that. Well investors certainly believe so i mean at this point of time all the automakers are among the top performers and thats so clearly the investors h ....
But january was a bad month all of the v. W. Brands combined sold 343000. 00 cars a drop of 11. 3 percent compared with last year the outbreak has come at a time when the car Industry Worldwide is already facing many challenges the diesel gate scandal and the difficult switch to electro mobility are among the biggest for german car makers if the Current Crisis in china goes on much longer it might come to rival those other problems. As it was pandey is tracking this story for us as it does all of stocks paint a different picture today theyre cheering on chinas latest stimulus efforts to curb the Economic Impact of the coronavirus is that going to save europes carmakers. Well investors certainly believe so i mean at this point of time all the automakers are among the top performers and thats so clearly the investors ....