The COVID-19 pandemic recently delivered a fresh shock to the economic system even as the world has been brought to a grinding halt. Crude oil futures collapsed below zero for the first time ever with demand plunging and experts predicting the worst recession in decades. But what exactly caused this historic event? Is the Coronavirus the sole culprit, or are there other factors at play? And most importantly, what does this mean for you and your wallet?
The COVID-19 pandemic recently delivered a fresh shock to the economic system even as the world has been brought to a grinding halt. Crude oil futures collapsed below zero for the first time ever with demand plunging and experts predicting the worst recession in decades. But what exactly caused this historic event? Is the Coronavirus the sole culprit, or are there other factors at play? And most importantly, what does this mean for you and your wallet?