April 20: WTI at -$37, Brent at $26! What Happened? What Comes Next? The Stories That Will Be Told ...
The author explains the unexpected price collapse for oil in spring 2020, elucidating how the market reacted to oversupply after a sudden drop in demand amid COVID-19 shutdowns. Read more on the Baker Institute Blog.
This post originally appeared on the Forbes blog on April 21, 2020.
Kenneth B. Medlock III April 21, 2020