Oil ETFs slip as big oil companies claim losses – ETF trends
Crude oil experienced extreme volatility in 2020, as prices fell below zero in April for the first time in history, and then roared again above $ 40 a barrel in 2 months. Amid all the chaos, which has been exacerbated by the coronavirus pandemic, seven of the world’s largest oil companies have written off a collective $ 87 billion on the value of their oil and gas assets over the past nine…