U.S. oil market crashes, hundreds of U.S. oil companies could go bankrupt

U.S. oil market has crashed. The price of U.S. oil turned negative for the first time in history. The U.S. oil industry is facing a doomsday scenario. Hundreds of U.S. oil companies could go bankrupt. Many U.S. oil companies took on too much debt during the good times. Some of them will not be able to survive this historic downturn.[Read More...]
The post U.S. oil market crashes, hundreds of U.S. oil companies could go bankrupt appeared first on Countercurrents.

Tags