Oil-Price Crash Deepens, Weighs on Global Markets

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The main U.S. crude-oil price plunged 43% to $11.57 a barrel, burning investors and pulling down shares of energy companies

The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the oil price bust that could reshape energy markets.

Photo Illustration: Carlos Waters/WSJ

Source: Energy Industry News (energyindustrynews.net)

 

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I hope some actors who just speculate on oil price lost a lot of money...

Fairly artificial event but just think what cheap carbon energy sources do to green sources. 😲

CHEAP GASOLINE IS HATED BY WEALTHY INVESTORS $ BILLION DOLLAR OIL COMPANIES !!

Waiting on 23 cents/gallon gas

CIRCUS

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