RIO DE JANEIRO, BRAZIL - The disagreement in the oil production negotiations resulted in one of the largest losses in financial market history. The announcement that Saudi Arabia would lower the price per barrel and increase production led to the commodity's price collapsing by more than 30 percent on the day. The sharp drop had global consequences.
On Monday, March 9th, markets around the world plummeted. On the B3 exchange, the circuit breaker - a measure that serves as a kind of safety valve - was triggered for the first time since Joesley Day, in 2017. The IBOVESPA slump was sharp, at . . .