The most recent agreement of major oil producing countries (made at the OPEC+ meeting) to cut nearly 10% of total global oil production failed to deliver the anticipated equilibrium to oil markets and to dispel concerns over the global deficit of available
The impacts of Covid-19 have spread much wider than anyone could have anticipated, with multi-percentage point daily swings in global stock markets becoming the new normal over the past month, services shutting down and employees working remotely.
On March 30, WTI crude oil hit at 17-year low at $19.02 a barrel. With the market being so uncertain, Russia and Saudi Arabia are debating cutting global oil supply by 10 million barrels a day to prevent further price falls amid the coronavirus pandemic.
With Covid-19 driving stock market volatility to a 10-year high, many traders and investors are looking for 'safer' assets to insulate their portfolios from the shock, and to pave the way for future growth.
High-yield stocks are not only less volatile than growth stocks,