After a Long Fall in Oil Prices, a Crash - News Summed Up

After a Long Fall in Oil Prices, a Crash


For Rebecca Babin, the oil crash arrived slowly, then all at once. The senior energy trader at CIBC Private Wealth Management watched crude prices fall 10% March 6 after Saudi Arabia couldn’t convince Russia to join a plan for deeper supply cuts. The next day’s escalation in the feud sent the 42-year-old scrambling to alert her team, adjust their models and prepare for the opening of trading Sunday evening.


Source: Wall Street Journal March 15, 2020 09:33 UTC



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