Since bottoming on April 21, oil prices have posted a strong rebound. That was the infamous day when the front-month contract went negative. Later-month contracts also moved lower but not as extreme. For example, the August contract hit $21 that day and is currently at $35.77.Several extraordinary forces collided to create that moment including Saudi Arabia disciplining Russia and the rest of OPEC who couldn't agree on supply cuts by increasing its supply and a sudden plunge...
As demonstrations against police brutality and racism have spread across the entire United States since the death of George Floyd in Minneapolis, solidarity protests have sprung in several countries around the world. These protests have sparked fears of a potential second wave of the coronavirus pandemic in the coming weeks due to lack of social distancing within large crowds for long periods of time.
New York Governor Andrew Cuomo addressed protestors on Tuesday, stating that they could threaten all of the progress the epicenter of coronavirus outbreak in the United States has done to contain the virus. The state has been reporting record lows of new hospitalizations recently, bringing both the death rate and infection rate lower as the state moves into economic recovery.
"I know a lot of the protestors are so annoyed they don't want to hear about COVID anymore. 'COVID is yesterday's news.' No, COVID is still a problem," Cuomo stated during a Tuesday press briefing. "COVID still kills also, so be mindful and respectful of that."
Throughout the United States, cities have issued overnight curfews to help ease the unrest. However, the protests still continue, making health officials worry of the silent spread of the virus.
To add to the importance of social distancing, a new study published in The Lancet medical journal on Monday found that physical dis...
