Planet Finance
Documentary - Science & Technology
6x50
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Documentary - Science & Technology
6x50
Planet Finance determines the global price for a lot of commodities: grain, gold, and also oil. The demand for oil is perpetual and the price fluctuates constantly. It’s hard to imagine now, but at the start of the COVID pandemic the oil producers couldn’t sell their stuff for love nor money. The world’s oil stores were sitting out at sea in oil tankers, its crews waiting around for the day the price would go up again. There was even one day when a barrel of crude was free for a while! How can markets become this derailed?