R.S.S.

US Crude Oil Collapses to Negative -$37 Per Barrel
US Crude Oil Collapses to Negative -$37 Per Barrel. Crude oil hit an unprecedented benchmark this past session. Through US trade, the ‘front month’ (also referred to as ‘active nearby’) US-standard grade crude futures contract posted its first negative print on ...

China Doubles Rate Of Crude Stockpiling As Oil Falls Below $0
China Doubles Rate Of Crude Stockpiling As Oil Falls Below $0. China doubled the fill rate at its strategic and commercial inventories in Q1 2020, taking advantage of the low oil prices and somewhat supporting the oil market amid crashing demand by diverting more imports to storage, rather than ...

Oil prices turned negative.
Oil prices turned negative. Hundreds of US oil companies could go bankrupt. New York (CNN Business)The American oil industry is facing a doomsday scenario. The coronavirus pandemic has caused oil demand to drop so rapidly that the world is running out of room to store barrels. At the same time, ...

American oil crashes below $0 a barrel -- a record low
American oil crashes below $0 a barrel -- a record low. London (CNN Business)The spectacular collapse in 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. What's happening: US oil prices ...