When oil became waste: a week of turmoil for crude, and more pain to come

When oil became waste: a week of turmoil for crude, and more pain to come

Reuters

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The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures , which had never dropped below $10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a barrel.

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