This Oil Price Rebound Is Only Temporary

The worst week in oil market history is finally coming to an end, but some analysts are suggesting there may be more pain in store as crude storage cross the globe reaches capacity.  Friday, April 24th, 2020 Oil prices stabilized by Friday after arguably the wildest week in the history of the oil market. But the slide is still far from over. Continental Resources halts production, declares force majeure. Continental Resources (NYSE: CLR) has stopped most of its production in North Dakota. Harold Hamm’s firm is mostly unhedged, exposed…