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- Expert view
The main characters of the past week at the oil market were tankers that literally remained out of work.
Last week began for the US stock market with a notable decline, as investors focused on the news about coronavirus and a sharp drop in oil prices.
Last week began with a phenomenal decline in oil quotes.
Last week began again for the US stock market with a decline.
Last week began with positive reaction of the oil market to the new OPEC + agreement that avoided a collapse in quotations.
Doubtlessly, all the hopes and aspirations of the previous week were devoted to the new OPEC + meeting, which was designed to correct the situation that emerged after the demarche by the Russian leadership.
The United States expanded the measures to curb the outbreak of coronavirus, which immediately contributed to the growth of major stock indices by more than 3% last Monday.
The oil crisis is developing according to a completely predictable scenario.
Last week began for the US stock market with a moderate decline after the announcement of additional incentive measures by the Fed.
Last week began with another collapse of the quotes.
