What a March it has been! As if the rampant global Covid-19 pandemic wasn’t already causing enough chaos, a full-on price war has shocked economies around the world. Some experts are now projecting oil to drop as low as $10 per barrel as the Saudis hold firm on their “no talk” stance. There is a glimmer of hope, however, as the U.S and Russia have separately agreed to sit down and begin discussions on a resolution.
- Oil just dipped below $20 per barrel. How low can the price of Oil go? (Read More)
- Couple drove 5,000 km to Yukon to escape Coronavirus (Read More)
- Navy hospital ship arrives in New York (Read More)
- Wall street rallies after Trump extends shutdown to April 30 (Read More)
Here’s what some people are saying about it:
Navy hospital arrives in New York, the epicenter of Covid-19 in the US.
WATCH: USNS Comfort, a Navy hospital ship loaned to the coronavirus cause, arrives in New York City. The ship will care for New Yorkers who aren’t infected with COVID-19 but still require urgent care. https://t.co/MXCk1idBh3— ABC News (@ABC) March 30, 2020
Canadian Oil companies feel the pain as oil drops below $20
Update @CBCNews: Oil sinks to lowest level since 2002 as West Texas Intermediate drops 5% to fall below $20 US a barrel. Canadian heavy crude (Western Canadian Select) sheds another 25%, trades below $4 US for 1st time ever. https://t.co/7IjUIEN5Du— CBC News Alerts (@CBCAlerts) March 30, 2020
Wall street is up again today as traders size up Covid-19 impact.
Trump extends shutdown by another month; blames media
Trump took to Twitter on Wednesday afternoon to blame the media for the recent shutdown of the U.S. economy — even though public health experts have advocated the country should do so to slow the spread of the coronavirus https://t.co/BRPOLgezaa— The Washington Post (@washingtonpost) March 25, 2020