When oil became waste: a week of turmoil for crude, and more pain to come

April 26, 2020 by  
Filed under News

The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below $10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a barrel.

Source: Reuters Business News

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