President Donald Trump mentioned on Monday that falling oil costs had been good for shoppers, whereas he blamed the media and Russia and Saudi Arabia "arguing over the worth and movement of oil" for sharply declining inventory costs. 

"Good for the patron, gasoline costs coming down!" Trump wrote in considered one of a sequence of posts on Twitter.

The market slid on Monday amid an all-out oil worth warfare and fears over the worldwide unfold of the brand new coronavirus. The sell-off triggered market "circuit breakers" shortly after buying and selling opened, after the foremost indexes fell by 7% in lower than 15 minutes. 

Oil costs had been down greater than 20% after Saudi Arabia introduced main worth cuts and manufacturing will increase. Saudi Arabia's transfer got here after Russia rejected a proposal by OPEC to chop 1.5 million barrels of...