Coronavirus economic updates: Collapse of oil prices comes amid Russian efforts to harm US energy sector

Here's how the day is unfolding. Please refresh for updates.The unprecedented collapse of the crude oil market in the U.S. is one of the key strategic objectives of the Russian government, according to a Department of Homeland Security Intelligence analysis reviewed by ABC News.

"Russia’s actions probably are driven by a desire to improve its position in the oil market at the expense of the United States, which has posed a significant challenge to Russia’s profitability and influence in the global oil market," the analysts wrote. Meanwhile, President Donald Trump tweeted Tuesday that he has asked the"Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available" for the U.S. oil and gas industry.

Walmart now deals with crude oil. 👏🏿

Let it collapse. The industry, with government assistance, has been financially raping consumers for decades. Karma! POTUS WhiteHouse GOP TheDemocrats MAGA

SenKevinCramer any thoughts or updates for ND?

And backing up Trump

lol, now?

🌊🌊🌊IN NOVEMBER, I'M VOTING BLUE🌊🌊🌊🌊🌊🌊FOR OVERSIGHT AND ACCOUNTABILITY 🌊🌊🌊🌊🌊🌊LOCAL, STATE AND FEDERAL🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊

That shouldn't surprise anyone. They have long been trying to destroy the US. It's just now they have a US President as a key ally.

ScottFordTVGuy WORLD oil markets. You guys don't do much digging do you? FAKENEWS

'We know where the WMDs are located in Iraq.' Def Sec Donald Rumsfeld

Not really working out for them- Russia is in deep trouble. Saudi can wait it out Russia will collapse and the insecurity will be bad for everyone.

The only people who’s hurt by cheap gas in America is the billionaires who own the gas companies who’s profits are falling. When the government and news tries to tell you low gas prices are an attack, it’s clear who they are really protecting.

twinbranch4018 Their plan probably didn’t include the financial ruin of the Russian oil industry in the process. Oil is stupid, the world is sick from the use of it, we the people are poorer for the oil company’s stranglehold on our economy and the end is coming for big oil. Putin is panicked!!

Your bots and shills are replying, while the article is about Walmart.

What does this have to do with Walmart 🤔🤔🙄🙄

neylandmafia Yep. RUSSIA made speculators buy billions in oil contracts that they could never EVER take delivery of.... And then made them have to sell them last minute because they couldn't take said delivery... All Russia's fault! Not WALL STREET!

That was done by our government allowing the US to export crude oil. Nothing to see here except the balance of greed and a free market

Russia is playing realDonaldTrump like a fiddle

I think it was part of their price war with Saudi to hurt other markets. The pandemic diminished demand everywhere which made their nefarious effort negligible.

thomasafine Donald Trump gets duped every time

So the US is facing two cold wars at the same time? One with China and one with Russia?

You geniuses needed someone to tell you that?

Correct your link, ABC.

this is maximum dumbness

Oh BS! There is something called futures from the greedy oil businesses

Also one of their strategic objectives of the Russian government...division of the states of USA. This is happening because we don’t have a leader at the top.

ThanksTrump

Wonder what Trump promised them that he couldn’t come though with!

Do you guys even look at the links you post on your tweets? This links is in no way relevant to the story posted 🤦🏽‍♂️ FakeNews

lol somehow i doubt it, Russia's whole economy depends on the price of oil

Surprise, surprise, surprise.

Are you for real? Russia is reliant on oil money itself...

Nice to see the Russian government helping people pay less for gas.

Russia wanted Trump as president So they can finish the cold war

You may want to consider their own oil markets also plunged.

And look who's in charge of our government Putin's favorite little Russian asset

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