The crash in crude prices could force some U.S. oil drillers to go under, says one trader. “We’ve already seen a couple of companies that have, they filed bankruptcies over the last week. I think it’s going to be very, very difficult for a lot of these United States oil drillers to actually survive this […]
Oil prices (CL=F) have plummeted as a global supply glut is facing a global economy that has come to a stand-still amid the coronavirus pandemic. The disconnect between supply and demand is so bad that some producers are paying customers to take some of the oil away....
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