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Oil Prices Rebound Since Late April, But Not in the Clear
Pandemic Drop in Fuel Demand Triggers Historic Low Oil Futures

Pandemic Drop in Fuel Demand Triggers Historic Low Oil Futures

After West Texas International (WTI) crude prices almost ended last week with historic low of $17.31 per barrel before eventually settling at $18.27, the benchmark price for crude oil in the U.S. dropped to negative $37.63 late Monday.

April 21, 2020

OPEC Oil Supply Cut Could Prompt Higher Fuel Prices