(Bloomberg) — After a dramatic few days that saw oil prices plunge below zero for the first time in history, crude continued to claw back losses and was on track to close out the week not far from where it started.Futures in New York rose for a fourth day to above $17 a barrel, paring their loss for the week to around 6%, as attention shifted to output cuts in response to the demand destruction caused by coronavirus lockdowns. U.S. operators have already started to shut in old wells and halt new drilling, actions that could reduce output by 20%, …read more
Source:: Yahoo Finance
