Current Event Paper Describe in 2 lines why this topic (less than one year old) is important for global business.
Oil drops 9% as oversupply concerns outweigh hopes for a global production cut
https://www.cnbc.com/2020/04/07/oil-markets-coronavirus-crude-output-in focus.html&qsearchterm=global
This topic is important because we are limiting our oil output from other countries, with the COVID-19 going on right now the American people are not driving that much, and many are not even working so oil demand is down. Oil prices are down as its not needed by many right now

Current Event Project
A topic of current interest such as Offshoring in the Global Economy, Impact of Oil Prices on World Business, The Yuan Devalued, etc. Turn in a two-page description of the main issues involved in this current event.
No APA or specific format is required for this paper.  Please cite the article and supporting materials used as reference.