EPISODE · Apr 22, 2020 · 15 MIN
In Brief: Why oil prices tumbled below $0
from Front Burner
COVID-19 lockdowns have taken a major swipe at the dominance of oil…as the worth of a barrel of U.S. oil tumbled to less than nothing. That's the first time in history that the price has turned negative. So, what does that mean exactly - and how did it happen? To explain it all, we talk to CBC News national business correspondent, Peter Armstrong.
What this episode covers
COVID-19 lockdowns have taken a major swipe at the dominance of oil…as the worth of a barrel of U.S. oil tumbled to less than nothing. That's the first time in history that the price has turned negative. So, what does that mean exactly - and how did it happen? To explain it all, we talk to CBC News national business correspondent, Peter Armstrong.
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In Brief: Why oil prices tumbled below $0
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