Oil is seeing its lowest price in history while having its worst day in history. When recording the video it was down with 45%, but on the moment of posting it’s down 60% today to a price of $7,70.
The 3 main purposes of crude oil are all hit hard by the corona virus. Aviation, transport over roads and industry. Because the demand has crashed extremely hard, the supply and demand is out of balance, especially because the supply is artificially fixed by the OPEC countries, resulting in an historic crash…
On the other hand stocks are acting weird. The impact of the virus on the economy is undeniable, but still stocks are bouncing harder than expected, with Amazon even setting new all-time highs like nothing is happening.
And what about Bitcoin?…
Not professional advice.
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