{"componentChunkName":"component---src-templates-post-js","path":"/oil-price-crash/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5e661d756c14fc00382282a8","title":"Oil price crash","slug":"oil-price-crash","featured":false,"feature_image":"https://images.unsplash.com/photo-1516199423456-1f1e91b06f25?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"The price of crude oil is crashing, and global stock markets are hating it.","custom_excerpt":"The price of crude oil is crashing, and global stock markets are hating it.","created_at_pretty":"09 March, 2020","published_at_pretty":"09 March, 2020","updated_at_pretty":"09 March, 2020","created_at":"2020-03-09T10:41:57.000+00:00","published_at":"2020-03-09T10:44:40.000+00:00","updated_at":"2020-03-09T10:44:39.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Get straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nOil takes a tumble\nThe price of crude oil is crashing, and global stock markets are hating it. Why?\nThere’s a few things going on here. Oil prices were already limping thanks to\nthe impacts of coronavirus and an excess of supply that’s higher than demand.\nAnd now Russia, the US, and Saudi Arabia have fallen out about how to manage the\nslump, which could trigger an all-out price war. The result? The UK FTSE 100 was \ndown 8% in early trading [https://www.bbc.co.uk/news/business-51796806] this\nmorning.\n\nWoodford returns?\nAmid these turbulent times, everyone’s favourite failed fund manager may be \nplotting a comeback\n[https://www.cityam.com/neil-woodford-in-talks-with-investors-as-he-plots-comeback/]\n. Neil Woodford is reportedly in talks with other investors about buying back\nsome of the investments from his fallen empire.\n\nBeware biased fund shops\nFund shops’ “best-buy” lists may be leading DIY investors to put money into\nexpensive, poorly performing funds, according to experts from the Financial\nConduct Authority (FCA). The lists are not financial advice and routinely \nrecommend their own funds over those of rivals\n[https://www.telegraph.co.uk/investing/funds/fund-shops-pressure-recommending-funds/] \n(paywall). An investigation found that one fund shop was plugging its own wares\nin 75% of its tips.\n\nUK’s most cancelled train\nThe 7:13am Northern Rail service from Harrogate to Leeds has been revealed as\nthe UK’s most frequently cancelled train\n[https://inews.co.uk/news/uk/most-cancelled-train-northern-rail-2441003]. This\nyear, it’s been cancelled more days than it’s run.\n\nStorm cleans up\nThe havoc wreaked by storms Dennis and Ciara last month are set to cost over\n£360 million\n[https://news.sky.com/story/storms-dennis-and-ciara-damage-set-to-cost-more-than-360m-11951505]\n, according to the insurers who are paying out to cover the costs of the damage.\nMost payouts are for repairs to property and cars which were caught up in\nflooding and high winds.","html":"

Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.

Oil takes a tumble

The price of crude oil is crashing, and global stock markets are hating it. Why? There’s a few things going on here. Oil prices were already limping thanks to the impacts of coronavirus and an excess of supply that’s higher than demand. And now Russia, the US, and Saudi Arabia have fallen out about how to manage the slump, which could trigger an all-out price war. The result? The UK FTSE 100 was down 8% in early trading this morning.

Woodford returns?

Amid these turbulent times, everyone’s favourite failed fund manager may be plotting a comeback. Neil Woodford is reportedly in talks with other investors about buying back some of the investments from his fallen empire.

Beware biased fund shops

Fund shops’ “best-buy” lists may be leading DIY investors to put money into expensive, poorly performing funds, according to experts from the Financial Conduct Authority (FCA). The lists are not financial advice and routinely recommend their own funds over those of rivals (paywall). An investigation found that one fund shop was plugging its own wares in 75% of its tips.

UK’s most cancelled train

The 7:13am Northern Rail service from Harrogate to Leeds has been revealed as the UK’s most frequently cancelled train. This year, it’s been cancelled more days than it’s run.

Storm cleans up

The havoc wreaked by storms Dennis and Ciara last month are set to cost over £360 million, according to the insurers who are paying out to cover the costs of the damage. Most payouts are for repairs to property and cars which were caught up in flooding and high winds.

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