Oil prices have been crushed by the combination of the novel coronavirus and an oil war between Russia and Saudi Arabia.
Last Friday, West Texas Intermediate (WTI) briefly traded below $20 bbl – a price not seen since February 2002, only a few months after 9/11 ripped apart the world’s economy. Yes, we have dealt with low oil prices before, but nothing like right now. The drop in WTI, from immediately prior to the OPEC meetings in Vienna on March 5-6 to last Friday, was a whopping 53% in jus
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