During early Tuesday's trading hours, crude oil price benchmarks surged by three percent. The surge was attributed to US monetary policy easing.
At the start of Tuesday's US trading session, US stock indices surged, as the market was expecting a $2 trillion government stimulus package.
On Tuesday, Chevron stated that the company would cut spending by $4 billion and suspend share buybacks.
A Reuters report published on Tuesday revealed that most Latin American crude oil producers struggle during the current low oil price environment.
During Tuesday's trading hours, the US Dollar continued to decline in value, as the Federal Reserve introduced new monetary easing measures.
On Tuesday, the German government stated that the announced 750 billion Euro government aid package is just the initial step in battling the coronavirus.
On Tuesday, in the aftermath of monetary easing measures made by the Federal Reserve, global stock indices surged by two percent.
On Tuesday, Asian shares rebounded after the US Fed massively stepped-up program of QE. MSCI's index jumped 4.2%, while Shanghai blue chips gained 2.7%.
The International Monetary Fund said that some countries in Central Asia and the Middle East have asked for financial help to deal with the virus outbreak.
On Tuesday, Barclays cut its 2020 crude oil price forecasts by $12, citing the coronavirus crisis and the OPEC+ deal collapsed.
On Tuesday, crude oil prices edged higher, as traders and investors were optimistic that the US Senate will approve the $2 trillion stimulus bills.
On Monday, the US Securities and Exchange Commission warned corporate insiders not to do insider trading.
A stock filing done by Airbus on Monday revealed that the company could allow its clients to postpone or cancel aircraft delivery.
Representatives of the IMF announced on Monday that a global recession is set to occur in 2020 and it should be followed by a recovery in 2021.
On Monday, the head of the European Union's financial market regulators Steven Maijoor stated that it is vital to keep financial markets open to keep the economy functioning.
On Monday, the Federal Reserve revealed and used an unseen array of market stimulus methods like direct company loans and corporate bond purchases.
Despite various market stimulus measures being enacted on Monday by the Federal Reserve, US stock indices continued to decline.
General Electric's aviation unit is set to slash its total workforce in the United States by around 10%, its CEO Larry Culp stated on Monday, due to delays in purchases made by airlines amid the coronavirus crisis.
Lilium, the German air taxi start-up, announced on Monday it raised $240M in extra funding led by the Chinese group Tencent, finalising its investment round at the higher valuation despite fears of the coronavirus outbreak.
On Monday, LVMH Group stated it has no plans to acquire shares of Tiffany on open market, in a move that could potentially enable the company to pursue the agreement to acquire the US jeweller at a lower price.
The heir apparent of Hyundai Motor Group, Euisun Chung, acquired shares in the carmaker and Hyundai Mobis parts for a combined $15M, Reuters reported on Monday.
The German Bundesbank revealed on Monday that despite public finances being solid a recession is inevitable.
On Monday, the former Governor of the Bank of England Mervyn King stated that the current recession is bound to be much serious than in 2008.
On Monday, Royal Dutch Shell will trim its 2020 spending by $5.0B, suspending its vast $25B share buyback plan, as the oil and gas company seeks to stay afloat after the recent plunge in oil prices.