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Oil collapse - energy firms lose almost a trillion USD market cap
Saxo Bank's Head of Commodity Strategy Ole Hansen and Head of Equity Strategy Peter Garnry look at the continuing collapse in oil prices and the trickle down effect into all asset classes. Almost a trillion USD has now been wiped off the market cap value of energy firms globally; caused by the price dropping by 37% this year. Worst hit are deep sea drilling firms with Seadrill suspending dividend payments and seeing its share price fall by around 50% since June 2014 for example.
06:18 minutes
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