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20200228 - Oil and energy stocks are getting crushed by coronavirus fears

RosyPark 2020. 2. 27. 13:46

https://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.