[Global Insight] Why are stocks, oil prices continuing to crash?
Arirang News notes: Oil prices have fallen sharply for four consecutive weeks now. Slumping by more than 60 percent since the turn of 2020. As the coronavirus pandemic continues to severely disrupt business, travel and daily life, demand for crude has been plunging, and major producers like Russia and Saudi Arabia haven’t helped the situation by launching an intense price war. This is stirring even more volatility in global stock markets as the world economy reels from the coronavirus pandemic. It’s a time of uncertainty but to provide us with a better sense of what might lie