Oil

Investors with a long time horizon should keep a sense of perspective amidst the chaos.

Volatility hits extreme levels as oil falls most since 1991 and coronavirus cases rise.

U.S. oil prices lost as much as a third of their value on Monday in the biggest daily rout since the 1991 Gulf War, after Saudi Arabia signaled plans to raise output in a market awash with crude, as demand took a hit due to the coronavirus outbreak.

Oil prices crashed Sunday evening after Saudi Arabia launched a price war against Russia following the Kremlin’s decision not to agree to production cuts.

Aramco fell below its IPO price on Sunday for the first time since trading began in December

Oil Wars, will there be hell to pay?

Prices are falling as Saudi Arabia, Russia and other oil-producing countries argue how much to cut production in order to prop up prices

The virus has infected more than 100,000 people and killed more than 3,400 globally

Saudi Arabia, the world's biggest oil exporter, is attempting to punish Russia, the world's second-largest producer, for balking on Friday at production cuts proposed by OPEC.

The safe-haven yen surged against emerging market currencies with exposure to oil.

Shares of Saudi state oil company Aramco slumped below their initial public offering price on Sunday for the first time since they began trading in December.

Russia and other non-member countries have been working with OPEC in recent years and agreed on earlier cuts. Russia can tolerate low oil prices better than Saudi Arabia, however.

Exxon's iron-clad balance sheet is fending off crude's collapse amid the coronavirus outbreak.