Crude prices suffered another sharp fall on Monday as the pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. "If pipelines get clogged up as refineries shut down, inventories cannot build, reducing the cushion and creating a very quick risk reversal towards oil shortages," Goldman said in a note. This would in turn cause an oil shortage, pushing prices above the Wall Street bank's $55 a barrel target for 2021, it said....
Stocks futures fluctuated between gains and losses Monday morning as market participants continued tracking the spread of the coronavirus and the daily life disruptions it has invoked around the world....
