CLEAN : Drop in stock prices one of the biggest market crashes ever seen says expert

The video discusses a significant market crash, comparing it to past events like the 2008 financial crisis and Black Monday. It highlights a major drop in oil prices due to failed OPEC negotiations and the impact of the coronavirus on oil demand. The video also explores potential financial risks, including credit risk and a possible global recession.

How did the coronavirus impact the oil market as mentioned in the text?

What are the potential consequences of the oil price collapse on the economy?