The world is in a period of 'true turmoil,' with financial markets and economies in crisis while a novel coronavirus continues to spread rapidly, oil guru Dan Yergin told CNBC this week.
not because of economics but because of the virus," he said. "The fear is now pervasive."
Infections have been reported in more than 100 countries since the outbreak began in the Chinese city of Wuhan late last year. "This also comes at a time when it's not just about oil but it's about the global economy and this freezing up we're seeing," Yergin said.
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