Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound.
“Oil demand will lose ground as a result of the new lockdowns… Prices now naturally decline on this grim prospect,” he added.Exxon Mobil announced Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part by the impact of Covid-19 on oil prices. “Traders took that as a cue to buy back into stocks,” said market analyst David Madden at CMC Markets UK.
“Risks of a double-dip recession are rising for the global economy,” said Agathe Demarais, global forecasting director at The Economist Intelligence Unit.
Hmm...
Am a mech engr n lost my job during this pandemic and since then feeding v been a very big issue for me. Pls am nt begging for food though I won't still reject if given but my major need now is a job even if it's a casual job or driving.pls help me out. Am dying of depression. RT
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Source: DailyPostNGR - 🏆 11. / 59 Read more »
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Source: GuardianNigeria - 🏆 1. / 94 Read more »
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