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0 0.00946893222050587 0.00454469352674726 0.0113628701796438 0.0151507460979196 0.00416590593491981 -0.0353037611335143 -0.0335613382111074
Stock impact report

Turmoil in oil markets : Coronavirus may be upending the rules of the global oil game [CNNMoney.com]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: CNNMoney.com
Coronavirus may be upending the rules of the global oil game A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . London (CNN Business) President Donald Trump set off a record spike for US crude futures on Thursday with a tweet saying he expected Russia and Saudi Arabia to cut production by as much as 15 million barrels per day. US oil prices soared before closing with a record single-day record gain of 25%. Why such enthusiasm? Russia and Saudi Arabia are locked in a brutal price war, and coordinated production cuts could soak up excess supply and boost prices. Trump, who needs prices to rise significantly to prevent a wave of bankruptcies among US shale producers, got what he wanted. But there were reasons to question the veracity of what the president tweeted. Problem 1: Trump said he had just spoken to his friend, the crown prince of Saudi Arabia, who had spoken to Russian President Vladimir Show less Read more
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