Tumbling oil prices will have broad regional impacts on the U.S. economy, hitting states far afield from Texas, which was the engine of a national energy boom during the past decade
Wyoming, Alaska, Oklahoma, North Dakota and West Virginia all depend more on mining and energy extraction than the Lone Star state, according to Wall Street Journal calculations of state economic output data.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil price crash: Record amounts of oil stored in tankers amid pandemic - Business Insider60% more oil is being stored at sea in oil tankers than the previous record high during the 2009 financial crisis.
Read more »
Asian stocks set to sink after historic U.S. oil routAsia shares were poised to track a Wall Street tumble on Tuesday after U.S. crude futures turned negative for the first time in history, crushed by a spectacular collapse in oil demand as the coronavirus pandemic derails the global economy.
Read more »
Stocks Plunge, Dow Falls 500 Points As Historic Oil Rout ContinuesStocks were down 2% as the selloff in oil markets deepened.
Read more »
Asia stocks set to decline following continued rout in oilMovements in the oil markets will likely be watched by investors on Wednesday following sharp losses in recent days, with the June contract for West Texas Intermediate falling more than 40% on Tuesday.
Read more »
Oil price crashes into negative territory for the first time in history amid pandemicU.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.
Read more »
Oil price collapse reignites geopolitical speculationIs the move a manifestation of Saudi Arabia’s new-found penchant for nationalism, which could incur a US backlash for undermining the US shale oil industry?
Read more »