Oil Stocks Dip Amid Coronavirus

March 9, 2020

Oil stocks are getting hit hard, like Marathon declining by 41 percent.

March 9, 2020—The world's faltering effort to contain the coronavirus (COVID-19) outbreak has led to a rout in stocks and crude oil today, as new cases surfacing across the globe have amplified fears of a downturn, reports Yahoo Finance.

According to the report, worldwide cases of the coronavirus are well over 100,000. Brent crude prices collapsed, falling by as much as 31 percent last night—the largest single-day drop since the U.S. invaded Iraq in 1991.

Oil stocks are getting hit hard, including Marathon, which is down 41 percent.