COVID-19

Coronavirus: US oil has dropped to below $0 dollars a barrel. Here's what it means 

A 3D printed oil pump jack is placed on dollar banknotes in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration - RC2K4G9FX0YE

Even if demand were to return to pre-virus levels, it would take a long time to sell all the stored oil. Image: REUTERS/Dado Ruvic/Illustration

Laila Kearney
Writer, Reuters
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U.S. crude oil's historic crash below zero.
US oil prices plunged below $0 a barrel for the first time in history. Image: Reuters
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Related topics:
COVID-19Oil and GasEnergy Transition
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