Energy: The Oil Crash

Industry Focus

The Motley Fool

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4.6 • 854 Ratings

🗓️ 12 March 2020

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Monday, oil had its worst day since 1991, coming on the back of a massive demand shock due to the coronavirus. Motley Fool Contributor Jason Hall joins the show to break it all down and discuss what investors should be doing.

Stocks Mentioned: OXY, BP, TOT, FANG, PSX, PXD, RDS-A, RDS-B

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Transcript

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0:00.0	Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.
0:11.0	I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphill. I'm Dylan Lewis. And today
0:16.0	we're talking financials. Today we're talking consumer goods.
0:19.1	Wild-C-C-C-Chert Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.
0:27.3	Welcome to Industry Focus. I'm Nick Saipel coming to you from my apartment.
0:30.6	We're all recording remotely now due to the coronavirus. I'm sure many of
0:33.7	you all are working from home now as well. We got a great show for you today. We'll be diving
0:37.8	into what's all the craziness that's going on in the oil market over the past week.
0:41.1	Joining me today to break it all down is industry focused contributor
0:43.1	Jason Hall. Jason how's it going?
0:45.0	Nick the world is on fire.
0:48.0	Yeah there's really no getting around it you know the stock market's down
0:51.2	over 6% today.
0:52.8	You know, looked just a second ago over the past month,
0:54.8	down almost 25%.
0:57.0	Yeah, I'm looking at it.
0:58.0	I'm looking at it right now, and as of this minute,
1:00.4	so it's what, about a little after 1 o'clock
1:02.1	in the afternoon today the
1:03.9	S&P 500 is down 25.5% and the Dow is down 27.2% from the peak earlier this
1:11.0	year so that's yeah that's what we've seen. Yeah from from record highs in the stock market to you know now
1:16.1	We're officially in a bare market you know Jason I'm 27 so as an investor this would be my first bare market to to witness
	...

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