Global Eyes 20200424 (Oil price rebound requires deal among major oil producers)

Xu Qiyuan, a researcher at the Chinese Academy of Social Sciences, said in an interview with China Central Television (CCTV) that the sharp drop in oil prices is a secondary impact of the epidemic. He said he believes that the impact of oil price decline will further spread to financial markets, as many U.S. oil companies are also involved in financial transactions.