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American Vertex Trading Corporation to hold urgent conference to discuss global oil prices
American Vertex Trading Corporation's Chairman has called an urgent conference to discuss the falling prices of oil and what measures can be done.
American Vertex Trading Corporation's Chairman commented on the crisis meeting saying "During this Coronavirus pandemic, the world is suffering, businesses suffering and of course, the price of oil has dropped significantly. This is surely terrifying for us all and the question is how to react, and what effect will lower oil prices have in a highly volatile economic market."
American Vertex Trading Corporation's Chairman also added "Most oil producing countries have halved their output by closing down sites. However, a continued decline in oil prices in the long term may reduce the typical government support to some key sectors such as healthcare, education and housing, which may affect the standard of living in these countries and thus the needs of the people. This is a major crisis, but it can be temporary and controlled.
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