Oil futures prices took hard to hold the lines, when more evidence about the Corona Virus and its negative consequences for the oil industry became evident. This crisis will dominate the screens until May if not June 2020.
So, as we write this comment the primary and secondary energy business, is in great trouble, while the tertiary part is the only part yet left to provide revenues.
However, as private consumption is declining day by day depression is all around. The greatest effort must be put into the handling to manage/control increasing virus infections. Any more easing of money input by central banks don’t solve this problem this time, because hyperinflation will then sneak around the corner. So the current ECB president is right with her expertise.