Abstract
The Coronavirus (COVID - 19) has created anxiety and fear, it has hit the global economy, and has amplified volatility in several international and domestic financial markets. It is a deadly virus that forced the world into a near total lock down and it has claimed millions of lives round the world. The oil price reaction to COVID -19 was stable and accommodating up until March 22 nd , 2020 after the release of the first coronavirus monitoring report by the World Health Organization (WHO). Not long after Saudi Arabia floods the market with oil, as a result, international prices drop with more than 20% in one single day. Against this background, the purpose of this paper is to investigate the impact of COVID - 19 figures on crude oil prices. The pandemic has negatively influenced on education, economy, religious worship, sporting activities, social gatherings, banking activities, and others. The state governments, military, NGO, federal government, individuals, and religious bodies provided and donated palliatives to cushion the effects of the pandemic on the populace. Keywords: Covid-19, Financial Volatility, Coronavirus, Oil Price, Global Economy, World Health Organization DOI: 10.7176/JETP/11-1-02 Publication date: January 31 st 2021
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
