Oil was slammed by the prospect of further disruption to the us economy

31 March 2020

Research

Oil was slammed by the prospect of Further Disruption to the US Economy and with Saudi Arabia Apparently Determinated to Pursue a Price War with Russia and American Producers to Regain Market Share. Price is also Suffering as Demand Collapses and the Price War between Saudi Arabia and Russia Drags on. Brent Crude Futures, The Global Oil Benchmark, Were Down 8.6%, Last Trading of at $ 22.79 per Barrel. Us oil is trading at $ 20.27 per barrel, down 5.8%. It Fell as low at $ 19.92 a barrel this morning. (CNN) Long-Maturban Treasury Yields Fell on Monday as fears mount that worldwide shutdownting from the Coronavirus Pandemic Could Continue for Months. The yield on the benchmark 10-year treasury note dropped 6 base points to around 0.66% while the yield on the 30-year treasury bond was down at 1.24%. President Donald Trump on Sunday Extended Nationwide Social Distribut Guidelines Until April 30, Reversing Previous Claims that the U.S. Open for business by Easter. (CNBC) Source: Danareksa Securities Debt Research Photo by Musab Al Rawahi On Unssplash