Oil Prices Been Dropping Because of Pandemic Analysis

Here is a 5-point extra credit assignment:

I would like you to do a basic research (nothing fancy; nothing big; should not be too time consuming either) on the reasons why the price of oil has been dropping so much lately in the past weeks. You should apply the basic concepts of supply and demand into this paper; perhaps introducing the current Coronavirus situation into the analysis because, after all, Coronavirus fear across the globe does play a big role to the current drop of the price of oil worldwide. This should be a one-page, 2-paragraph, type (of course) and double-spaced paper.