2020 OIL CRASH
high (for consumers) nor too low (for producers). Price feuds and market uncertainties are particularly harmful in today’s world whose population’s health and livelihood is already at risk. In March, the Organization for Economic Co-operation and Development (OECD) warned that the global economy would take years to recover (BBC, 23 March 2020). When the world economy comes out of hibernation, oil price uncertainties and disruptions may hinder the recovery.
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