The first reason is small profits but quick turnover. During and before the epidemic, oil countries hope to sell them at low prices to increase demand. You want to, I want to, but the result of price competition in the game is a mess.

The second and more important reason is that Russia and Saudi Arabia did not discuss it well, which is actually related to the first reason.

The third is the epidemic situation. Let me analyze it from another angle. We know that we need oil every day. The problem is that there are few cars used during the epidemic, and the state-owned oil companies have a large amount of oil. Why buy them? (? _? )。

Fourth, there is another very important reason. As we know, the dollar price is negatively correlated with the oil price. We were surprised to find that the price of the dollar did not fall during the epidemic. This is actually very easy to understand, but I won't say it here. Because the dollar appreciated, so did the price of oil. We know petrodollars, petrodollars, denominated in dollars. As a result, the demand has decreased. I'm at a loss.

Different from the other answer. I think this kind of improper cooperation and other purposes can only be regarded as the direct cause. The epidemic situation is the fundamental reason for the continuous plunge of oil. Individual coordination is poor. It can't have a long-term impact.