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You are here: Home / Top Stories / Commodities Corner: Oil prices crashed below zero 3 years ago, with the spotlight back on demand and volatility

Commodities Corner: Oil prices crashed below zero 3 years ago, with the spotlight back on demand and volatility

April 20, 2023 by MarketWatch.com - Top Stories

Three years to the day, U.S. benchmark West Texas Intermediate crude futures settled at a negative price for the first time on record. The oil market is again struggling with signs of a slowdown in the global economy that could lead to a drop in energy demand.

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