The fact that the world is now in an oil price war does not bode well for the fight against coronavirus.
That is because fighting coronavirus is going to take global economic cooperation, and the fact that Russia and Saudi Arabia cannot even work together to keep oil prices stable — which benefits them both — is a bad sign.
The economic damage of this oil price war goes beyond lost jobs in the sector. It's existential.
It creates an environment where markets will be more skittish because it's...
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