Investec Investec Focus Radio SA

Oil price slump amplifies Covid-19 effect on market volatility

Loading player...
The intensity of turbulence in the global financial markets deepened on Monday as the collapse in the oil price amplified the uncertainty created by the corona virus. An oil price war was precipitated by the implosion of an OPEC+ meeting which saw Russia disagreeing with Saudi Arabia to reduce oil production to stabilise the oil price. The potential effect of the corona virus on global economic growth and demand for oil has caused the oil price to retreat from $65/bbl in January to $50/bbl. Saudi Arabia’s decision to reduce the price on its oil supplies, precipitated the collapse in the oil price to $35/bbl.
10 Mar 2020 English South Africa Business · Investing

Other recent episodes

NOW Ep 130 | Global economy: mid-year health check

The global economy has held up but that does not mean risk has faded. At the halfway point of 2026, growth has been stronger than feared and inflation has cooled, but not enough. Central banks remain cautious while energy markets are still exposed to Middle East disruption. For South Africa,…
1 Jul 28 min

Macro Monday Ep121: The three factors weighing on commodities

It’s not just the oil price that’s fallen this month. Platinum, gold, iron ore and copper are also down. Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International says it reflects a softer Chinese economy, US dollar strength and a new Fed chief who’s a hawk on inflation.
29 Jun 8 min

Investec Minds Ep 2: Anglo's Mark Cutifani on the decisions that define a career

In this episode of Investec Minds, former Anglo American and AngloGold Ashanti CEO Mark Cutifani reflects on the leadership decisions that shaped his career and the mining industry. In conversation with Investec's Nkateko Mathonsi and Patrick Mann, he shares insights on navigating crises, transforming organisational culture, driving innovation, improving mine…
26 Jun 31 min

Macro Monday Ep120: New Fed chief commits to price stability

While peace talks between the US and Iran have helped bring down oil prices and, with them, inflation expectations, Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International says markets are reading Fed chief Kevin Warsh's commitment to price stability as a sign that a US rate hike…
22 Jun 9 min
All episodes