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The supply and demand curve for oil has been largely responsible for the depressed values. As international travel has collapsed, demand for crude has fallen in like measure. Because of the massively reduced travel needs, the international sales market has reduced as well.

Further, imposed quarantines in China and other nations have led to a greatly reduced demand for gasoline. Such restrictions, taken together with the reduced demand in airline travel, have left supply grossly high, driving prices rapidly down.

Bitcoin has also seen substantial price reductions, largely due to the coronavirus issues as well. As markets have declined, Bitcoin’s safe-haven asset status has been called into question.

In response, investors have shifted a substantial amount of funds into bonds, further driving down yields. With the shift out of Bitcoin, prices have rapidly declined as well.