The oil-price plunge could create a historic precedent in which the US may finally help boost the sinking energy market, albeit involuntarily, instead of benefiting at the expense of others, oil executive Mike Cantrell believes.
The price of US benchmark West Texas Intermediate (WTI) contract for May finished trading on Monday in negative territory for the first time in history, falling to -$37.63 per barrel. Despite briefly bouncing back on Tuesday, the futures then tumbled again below zero before rising on Wednesday to $11.
Continue reading https://on.rt.com/afb8