The US oil market witnessed history as the price dived under $0 a barrel for the first time as the coronavirus pandemic bites. US oil prices crashed below $0 a barrel on Monday and spiraled into negative territory for the first time ever. In a historic crash, oil futures opened at their lowest level since 1983. With hundreds of millions of people around the world staying at home to stop the spread of COVID-19, travel by car or plane is nearly nonexistent. Factor in a major lag in manufacturing and…
Read MoreOil Prices Dip Into Negative Territory As Market Crashes | Roadshow
