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THE CORONAVIRUS PANDEMIC’S ECONOMIC IMPACT
11 March: Oil tumbled after a dispute between Russia and Saudi Arabia over production cuts
Panic erupted across Europe yesterday as the price of oil tumbled in response to a dispute between Russia and Saudi Arabia over production cuts, and Italian officials announced that the whole country was to be placed under lockdown to help curb the spread of coronavirus, formally known as COVID-19. Stock markets plummeted across Asia and Europe.
https://www.express.co.uk/news/world/1253308/coronavirus-news-germany-europe-euro-stock-market-angela-merkel-covid-19-eu-news (Accessed on 12th May 2020)