Stocks Spiral As Oil Prices Fall 25%

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The Dow Jones Industrial Average opened 7% lower Monday as the price of oil dropped 25% on Sunday, the biggest drop since the first Gulf War in 1991.

While lower oil prices might be good for drivers, investors fear that heavily indebted American oil companies may now default, putting a strain on the broader credit market.

Jill Schlesinger (@jillonmoney), CBC business analyst and host of Jill On Money, discusses the latest developments with host Jeremy Hobson.

This segment aired on March 9, 2020.


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