All eyes on diesel as U.S. crude price turns negative

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TORONTO, Ont. – It was the U.S. oil industry’s Black Monday, when the price of crude turned negative for the first time in history. On that day, May futures contract for West Texas Intermediate (WTI), the benchmark U.S. crude, hit minus $40.32 a barrel before settling at minus $37.63. The wipeout was blamed on a […]

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