Oil price crashes into negative for the first time in history as demand dries up

The price of U.S. oil crashed into negative for the first time in history Monday as demand dries up and producers effectively pay buyers to take barrels off their hands.   In the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic the cost to have a barrel of U.S. crude … Read more

Oil price crashes into negative for the first time in history as demand dries up

The price of U.S. oil crashed into negative for the first time in history Monday as demand dries up and producers effectively pay buyers to take barrels off their hands.   In the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic the cost to have a barrel of U.S. crude … Read more

Dow is set to drop 100 points as doubts grow over Trump’s promise of Saudi-Russia oil price deal

Wall Street’s main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end, with data showing that hundreds of thousands of people lost their jobs last month due to the coronavirus. The Labor Department’s report confirmed that a recession was underway as business … Read more