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Crude oil virtually worthless as storage capacities run low | DW News

July 27, 2020 by Jack Leave a Comment

Latest video release regarding Coronavirus. Watch this “Crude oil virtually worthless as storage capacities run low | DW News” video below:


For the first time in history, US oil prices crashed into negative territory on Monday. That means producers have to pay buyers to take oil off their hands. The crash was triggered by a collapse in demand as the world continues its shutdown because of the coronavirus pandemic. It’s an unprecedented development.
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