The outbreak of the coronavirus in China has got a grip on the market, too. This is only to be expected; with almost $60 million people under lockdown as well as an international effort in place to develop a vaccine and arrest the virus’ spread, the effect was going to be felt by several sectors.Travel companies, aviation and retailers are among the industries heavily affected, so far. Feeling the force of the outbreak most pertinently, though, is the energy sector. Since the outbreak was announced on January 17, crude oil prices have dropped by 14%, while the SPDR S&P Oil …read more
Source:: Yahoo Finance
