Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Internet Explorer, Google Chrome, Apple Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.  

See how to update your browser

Oil prices fall sharply

Oil prices have fallen sharply as OPEC and allied producers have failed to agree on production cuts amid a worsening demand outlook
12 March 2020
    Read in PDF formatEnglish, PDF, 293.69KB
    Print this article

    Key takeaways

    • Oil prices have fallen sharply as OPEC and allied producers have failed to agree on production cuts amid a worsening demand outlook
    • A decline in oil prices of this magnitude is likely to have major repercussions on the global economy: there will be winners and losers
    • On balance we see this supply-driven fall in oil prices as providing some support to the global economy. Overall, we maintain a moderate pro- risk investment strategy