Oil’s plunge has eroded hundreds of billions of dollars in market value from producers and fueled speculation about bankruptcies and mergers
The senior energy trader at CIBC Private Wealth Management watched crude prices fall 10% March 6 after Saudi Arabia couldn’t convince Russia to join a plan for deeper
supply cuts. The next day’s escalation in the feud sent the 42-year-old scrambling to alert her team, adjust their models and prepare for the opening of trading Sunday evening.
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