Oil prices fall to 17-year low as Saudi Arabia-Russia standoff continues, coronavirus hits demand

Such a move could prompt a wave of bankruptcies and investment cuts in the U.S. which, in turn, would have a noticeable impact on shale production.

Countries have gone into lockdown due to the coronavirus pandemic, with flights all over the world canceled as airlines ground their planes, hitting economic activity and fuel demand. That has led to excess supply flooding the market as well., International Energy Agency head Fatih Birol said, according to a Reuters report on Friday.

Submarine_Guy Still over $3 in California. 😔

Yes, & realDonaldTrump, the Smart businessman, is buying low trillions of gallons to stock & sell to pay for the stimulus.

Yet Dnc keeps prices high in California.

Submarine_Guy Road Trip! Oh, wait!

Shit need to be '10 cent a gallon '.

Strangely silent the conspiracy theorists aren't they . Peak oil , oil giants control the world , internal combustion engines to supported to infinity by star chamber of oil companies.The list goes on! Every one of you acknowledge your own stupidity and paranoia to the world now!

Good. Go to zero!! Creeps

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