The Limited Times

US oil prices more than 28% collapse

4/20/2020, 3:08:13 PM


In a dramatic situation, US oil prices fell to their weakest level since 1999. Experts say that a price of US $ 20 per barrel could cause more than 500 b ...

In a dramatic situation, US oil prices fell to their weakest level since 1999. Experts say a price of US $ 20 per barrel could cause more than 500 bankruptcies in US oil companies. Oil is selling as the May crude contract expires and suppliers are running out of places to store barrels.

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