[CNBC Television] What impact Saudi Arabia’s oil price war could have on the energy sector

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: The energy sector ended Monday 50% off its 52-week closing high as Saudi Arabia announced it was cutting most of its prices. Gary Ross, CEO of Black Gold Investors, joins “Squawk Box“ to discuss. Oil prices were higher Tuesday morning after plunging 24% on Monday following the failed OPEC deal that sparked a price war. CNBC’s Brian Sullivan joins “Squawk Box“ by phone to discuss. Meanwhile, oil prices saw some respite Tuesday. U.S. West Texas Intermediate crude futures were up 10.4% at $ per barrel. That came after a shocking all-out oil price war roiled markets already on edge about the economic fallout from the fast-spreading coronavirus. Oil posted its worst day since 1991, with the WTI plunging more than 24% Monday, after Saudi Arabia slashed crude selling prices for April following the collapse in OPEC talks. Monday’s monster sell-off triggered a key market circuit breaker that resulted in a 15-minute pause in trading early in the session. Investors sought out on Monday safer assets amid additional fears that the coronavirus will disrupt global supply chains and tip the economy into a recession. The yield on the benchmark 10-year Treasury note dropped below 0.5% for the first time ever, while the 30-year rate breached 1%. At one point early Monday, the 10-year slid to %. Treasury yields rebounded on Tuesday, with the 10-year rate hovering above 0.6% while the 2-year yield traded at %. The 30-year bond yield climbed back above 1% to trade at %. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBC TV