Image: Selected North American crude oil prices March 1 through May 13, 2020 (49941454556)
Description: The New York Mercantile Exchange (NYMEX) front-month futures contract for West Texas Intermediate (WTI), the most heavily used crude oil price benchmark in North America, saw its largest and swiftest decline ever on April 20, 2020, dropping as low as -$40.32 per barrel (b) during intraday trading before closing at -$37.63/b. Prices recovered, and even though the market event proved short-lived, the incident is useful for highlighting the interconnectedness of the wider North American crude oil market. <a href="https://www.eia.gov/todayinenergy/detail.php?id=43875" rel="noreferrer nofollow">www.eia.gov/todayinenergy/detail.php?id=43875</a> May 27, 2020
Title: Selected North American crude oil prices March 1 through May 13, 2020 (49941454556)
Credit: Selected North American crude oil prices March 1 through May 13, 2020
Author: U.S. Energy Information Administration
Usage Terms: Public domain
License: Public domain
Attribution Required?: No
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