The stuff that makes the world go round, the lifeblood of the global economy, was worthless -- more stunning evidence of how this pandemic is rocking the global economy.
By Ryan Chilcote
A barrel of benchmark U.S. oil for May delivery fell to negative $3.70 per barrel.
By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press
Russian President Vladimir Putin says he supports cutting oil production by about 10 million barrels a day to shore up falling prices.
By Associated Press
For many of the oil-rich countries, 2020 was already off to a miserable start, but they took a beating on Monday-- a barrel of oil now costs half what it did at the beginning of the year. What happened?…
By Ryan Chilcote
By Stan Choe, Alex Veiga, Associated Press
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.
In our news wrap Friday, the Senate returned from break still divided on procedures for an impeachment trial of President Trump. Senate Majority Leader Mitch McConnell again refused to commit to calling additional witnesses, while Minority Leader Chuck Schumer insisted…
By Carlo Piovano, Associated Press
There was no immediate indication how Iran would respond, but Tehran has seized oil tankers in the past and shot down a U.S. military drone.
By David McHugh, Associated Press
The nations have agreed to cut their crude production by an extra 500,000 barrels a day.
By Jon Gambrell, Associated Press
The attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record.
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