. Shutting down a well"is extremely expensive," Jeff Currie, the firm's global head of commodities research, warned in a Monday CNBC interview. Producers are unlikely to react quickly and bring rapid aid to the battered market, he added.
"We don't think this is the end of it. You're likely to see this continue to go on at least through the middle of May," Currie said. Equities futures erased gains in early Tuesday trading following reports that North Korean leader Kim Jong Un was in critical condition after surgery. The news added additional uncertainty to a risk market already marred by pandemic fears, gloomy economic data, and tumbling oil prices.
Source: News Formal (newsformal.com)
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