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20200228 - Oil and energy stocks are getting crushed by coronavirus fears
RosyPark 2020. 2. 27. 13:46https://edition.cnn.com/2020/02/26/business/oil-prices-coronavirus-bear-market/index.html
Oil and energy stocks are getting crushed by coronavirus fears
The spread of the coronavirus around the world is sending shockwaves through an oil market ill-prepared for a serious blow to energy demand.
www.cnn.com
ill-prepared
- not ready or prepared for something
ex) The spread of the coronavirus around the world is sending shockwaves through an oil market ill-prepared for a serious blow to energy demand.
plunge
- jump or dive quickly and energetically.
repercussions
- an unintended consequence occurring some time after an event or action, especially an unwelcome one.
ex) Oil prices plunged deeper into a bear market Wednesday, reflecting fears about the economic repercussions of the rapidly-spreading health crisis
ripple effect
- the continuing and spreading results of an event or action.
ex) You're seeing the ripple effects of the coronavirus proliferate outside of China.
clobber
- hit (someone) hard.
ex) The plunge in oil prices has clobbered energy stocks, which entered a bear market late last month.
stunning
- extremely impressive or attractive.
ex) The ETF Energy Select Sector SPDR Fund, which tracks the sector, has lost a stunning 11% in the last three days and nearly 20% so far in 2020.