Crude oil prices briefly traded below $ 0 in spring 2020, but have since been mostly stable – Today in Energy – US Energy Information Administration – EIA

Crude oil prices briefly traded below $ 0 in spring 2020, but have since been mostly stable – Today in Energy – US Energy Information Administration – EIA

January 5, 2021 Source: US Energy Information Administration, New York Mercantile Exchange (NYMEX)Note: The prices reflect the forward prices of the month before (contract with the earliest delivery date). In the first half of 2020, responses to the COVID-19 pandemic led to a sharp drop in global demand for oil and volatility in crude oil […]
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