Coronavirus Is Bruising America’s Oil Patch—How Badly Is the Question - News Summed Up

Coronavirus Is Bruising America’s Oil Patch—How Badly Is the Question


Many companies in America’s oil patch were already struggling when the coronavirus came around. Investors are worried some won’t pull through. U.S. benchmark crude prices started the year strong, rising sharply in tandem with stock markets on trade-deal optimism and geopolitical jitters, but then lost over a fifth of their value and dipped below $50 a barrel for the first time in more than a year.


Source: Wall Street Journal February 07, 2020 10:30 UTC



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