Oil Prices Rise As Trump Declares National Emergency Over Coronavirus Outbreak

There’s no doubt about it, it has been a rough week for oil. Just days after Saudi Arabia and Russia launched a full-blown oil war, forcing prices to drop by 25% in a single day, the U.S. President declared a travel ban for all flights to Europe. And now, the President has declared a National Emergency. But there was also some bullish news for oil markets in Trump's speech, sending oil prices upward.Trump's statement came as a number of public and private businesses have already taken action. Major sporting leagues, conferences and public…