Crude Oil Reaches Lows Not Seen Since 2001
April 17, 2020 at 15:08 PM EDT
As crude oil heads into the next contract month for futures, WTl prices sank another 13% on Friday, dropping to their weakest level since November 2001. The accelerating pace of the drop in the oil market reveals that the record-setting OPEC+ production cuts aren’t were not as effective as a...