Oil price cut driven by conronavirus?

It’a unrelated to the coronavirus.

Read the news.

I have

I’m tired of trying to teach you things

https://www.latimes.com/politics/story/2020-03-09/economic-impact-coronavirus-oil-prices-stock-markets

It’s related to Saudi Arabia and Russia

“An oil price war triggered by the spreading coronavirus...”

This is wrong

Here is CNBC

You need to read deeper about these issues

I’m not going to do your homework for you

https://www.google.co.uk/amp/s/www.cnbc.com/amp/2020/03/08/opec-deal-collapse-sparks-price-war-20-oil-in-2020-is-coming.html

The LA times outlines why coronavirus has exacerbated it

Sophie you’re extremely cringe acting patrionising

I linked you the article, read it.

The LA times is partisan trash

No other news outlet is giving coronavirus as a reason.

You’re literally a child. I’m an adult. So yes, I patronize you.

It’s because of a failed deal between OPEC

You’re an adult yet you behave like a child,

Quiet down honey.

Try to learn.

It’s not because of covid-19

> Oil prices fell through the floor in early trading Monday, tanking as much as 30% after Saudi Arabia slashed its crude prices for buyers. The kingdom is reportedly preparing to open the taps in an apparent retaliation for Russia's unwillingness to cut its own output.

But this isn’t bad news, firms and consumers face lower prices.

Lol

The stock market is temporary.

K.

It’s caused by a supply shock, not a demand shock.

The Great Depression was temporary

That’s a dishonest comparison, the stock market is merely reacting to an unexpected move.

It’s a short term thing, I.e a few days

Oh, but I thought supply chains were built to be immune to supply shocks?

That doesn’t make sense...

The supply chains are resistant to the shocks like coronavirus - that’s what I said.

It must be rough for Sid to wake up to the news each morning crying trying to figure out how he’s going to spin it so everything is fine lol

The oil price drop won’t effect firms, negatively.

That’s just an excuse. @Sophie

How could I negatively spin lower oil prices?

Unless those firms are involved in oil production.