American, European and Asian stock markets crashed. According to the News American, European & Asian stocks market fell to the lowest level since August, 2015. New York, Milan & Beijing stock markets fell to the lowest level since August, 2015.
New York & Milan stock Market 2% decrease, Moscow stock market decrease more than 6% & Beijing stock market decrease more than 3.5%..
Pakistan Stock Market also trade in minus yesterday and more than 1 billion investment has been wasted.
The prices of oil have been fluctuating for a while now. It fell below $ 30 a barrel today.
Yesterday, it was close to $33 a barrel but at one point fell below $ 30 a barrel in New York. It is predicted that the prices will fall to as low as $ 10 a barrel in the upcoming months. But this is just a prediction; it can attain stability at $ 20 or $ 25 a barrel.
Despite the fluctuations in prices, the market is still overwhelmed by the oversupply. The US, China and Iran have millions of barrels.