Is Coronavirus A “Black Swan”? The Oil Market Debates
"Population of 35 million locked down."
Goldman Sachs said in a note on Tuesday it anticipated a 260,000-barrels-per-day negative shock to global oil demand on average, including a 170,000-bpd loss of jet fuel demand, from the 2019-nCoV. Its analysis was based on comparison with the 2003 SARS health epidemic which shook global markets, including oil.
There’s no certainty the coronavirus will become a crisis of such proportions; neither is there a surety it won’t.
Edited by Rogerdodger, 24 January 2020 - 11:28 AM.