Oil prices plunged to below $1 a barrel Monday, and Goldman Sachs reportedly says U.S. oil prices could crash to near $0 a barrel as the industry is among many to take a demand hit due to the coronavirus pandemic.Read more here.
The oil market faces a glut with nowhere to put physical barrels of crude, prompting some buyers in Texas to offer some oil streams for $2 a barrel, raising the possibility that producers may soon have to pay to relieve themselves of crude, Yahoo Finance reported Monday.
Monday, April 20, 2020
U.S. oil prices plunging to less than $1 a barrel
In the Daily Caller, Marlo Safi reports in part,
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