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US Oil Price Drops Below $1 per Barrel – As Demand, Storage Capacity Dries Up

The penny is now starting to drop, as the markets begin to respond negatively to leading Western governments’ risky self-imposed economic Lockdown policies in their reactionary attempt to contain the spread coronavirus crisis. The economic apocalypse about which experts were warning, but which government have been actively ignoring, is beginning to arrive. 

The collapse in global oil prices is a direct result of the economic downturn triggered by government measures meant to ‘fight the invisible enemy’, leading global markets into their deepest depression since the 1930s.

As a result, demand for oil has dropped some 30% globally since the beginning of the COVID-19 crisis.

In the meantime, this may trigger more extreme volatility – and unpredictability, across major markets.