Let's talk about oil price collapses.

Unless you are living in a cave for the past week, you must have heard about the dramatic oil price collapse which is triggered when Saudi Arabia announced increased oil production and deep cuts of prices over the past weekend. This in response to Russia refusing to OPEC's suggestion to reduce oil production to cushion the impact from the current coronavirus crisis.

The world must have really hate the year of Rat.

2 big crises when we are barely out of the first quarter. I can't recall when was the last time we have such "dramatic"times.

The market responds in swift manners on Monday with most of the oil majors experiencing anything between 10 and 30 percent drops in their share prices in a single day. Even the first circuit breaker for the US market was triggered within four minutes of trading as S&P500 plunges 7%.