American oil crashes below $0 a barrel — a record low

  • By cvbizz
  • April 20, 2020
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The spectacular collapse of oil markets is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude oil.U.S. oil prices plunged Monday, falling below $0. At one point, oil fell to $-40.32 a barrel. That’s the lowest level since NYMEX opened oil futures trading in 1983.The selloff can be attributed

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