Friday, February 11, 2022

Crude..

 

The impact of the COVID-19 pandemic hammered the oil industry in 2020, forcing U.S. oil prices to go negative for the first time on record. In a matter of hours on April 20, the May 2020 contract futures price for West Texas Intermediate (WTI) plummeted from $18 a barrel to around -$37 a barrel.

Now since Biden came to office, the whhole worldare strugling with the highest prices of the oil close to $90 a barrel.

Yet the new make up conflict with Russia and obvious our disagreement with the EU, watch the suffering to continue and expand the end of these 4 years term as prices of oil will soar.. Just a "Crude" thought.  

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