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In today's whiteboard video I clearly explain the current state of the global oil market that has led to a stand off between the USA, Russia & Saudi Arabia. Oil is one of the commodities most impacted by the global economic slowdown. Many oil companies from explorers to producers are carrying high debt loads & the bonds they have issued could be downgraded to junk status in the coming weeks, collapsing the corporate bond market. This could start a cascade affect leading to a wider stock market crash & worsen the global economic recession.
Date of Recording: 9th April 2020
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_________
2. Never invest more than they are willing to lose,
3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.
By Alex SaundersIn today's whiteboard video I clearly explain the current state of the global oil market that has led to a stand off between the USA, Russia & Saudi Arabia. Oil is one of the commodities most impacted by the global economic slowdown. Many oil companies from explorers to producers are carrying high debt loads & the bonds they have issued could be downgraded to junk status in the coming weeks, collapsing the corporate bond market. This could start a cascade affect leading to a wider stock market crash & worsen the global economic recession.
Date of Recording: 9th April 2020
---
🔔 Did you enjoy this episode? SUBSCRIBE for more!
Twitter: https://twitter.com/NuggetsNewsAU
Facebook:https://www.facebook.com/nuggetsnews
LinkedIn:https://www.linkedin.com/company/nuggetsnews
Instagram:https://www.instagram.com/nuggetsnewsaus/
Reddit:https://www.reddit.com/user/nugget_alex/
_________
2. Never invest more than they are willing to lose,
3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.