Oil and Gas

Oil Rig
zhengzaishuru/GettyImages
Chris Sommer
May 19, 2020 - 9:58 am
Just one month ago, the price of West Texas Intermediate Crude hit rock bottom. Not only did oil fall to zero in mid-April, it tumbled to an all-time low of MINUS $37 a barrel.
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An oil rig lights up the horizon on the outskirts of Midland, Texas after a late sunset.
Odessa American/Eli Hartman
Associated Press
April 06, 2020 - 10:58 am
The global economic crisis caused by the coronavirus pandemic has devastated the oil industry in the U.S., which pumps more crude than any other country. In the first quarter, the price of U.S. crude fell harder than at any point in history, plunging 66% to around $20 a barrel.
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