mollyfighting

CNN student news. It's started with the US and globe stock markets. Average has been swinging up and down wildly in 2016. Last week, the DOw Johns Industrial Average got off to its worst ever start of the year. It took another dive earlier this week but gain some of those losses back yesterday. One of the biggest reason for the instability is fear. A popular saying is Wall Street is governed by the emotion of fear and greed when the investors are afraid that they sell off the stock shares and that drive down the market, so what is causing all of this anxiety? This is what a crash looks like, and oil market clasped from 108 dollars to 30 in just 18 months, the level is not seen since 2003, where is the bottom? Morgan Stanly says 20 dollars, RBS says 15, Standard CHarters 10. It's a boom for drivers. The boom is tax free for consumers, but the fourth decline so far so fast is disablizing, bringing economic crisis to oil producer like Saudi Arabia Peniswaler, Iray, Pink Wave  for oil workers and potential bankruptcy for oil companies. Four reasons for why this is happening.
First, OPEC won't cut production. The world's large oil producer is holding the amount and see other small producer will quote the pank,hoping they can gain or keep their large sale in the longrun, but it's costing billion, Iran is selling oil too.
Two, China is booking everyone. The world's second economies is swelling. It needs less fuel to run its economy, ? market will be less as well.
Third, the US is producing more oil than ever, largely created by the American state oil boom, the prank and prices haven't shut up many producers yet.
And finally, the US dollars strong. Crude oil trade in dollars, that means when the dollars get stronger oil gets more expensive, or receive fired and that hurts men and drive the price down further.










                                                   
This post was generated by put listening repetition system,  Check the original dictation thread!