When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BNO - After Price Wars And A Pandemic What's Next For U.S. Shale?
United States Brent Oil Fund LP ETV
Originally published on April 20, 2020
By Bob Iaccino
At a Glance
WTI crude oil prices fell more than 40% after the Saudi-Russia price war, then continued falling after the production cut announcement.
Even with a deal to cut oil output, the U.S. shale industry could see more bankruptcies in 2020.
A few things will go back to "normal" once the COVID-19 pandemic is under control, but some things may not. The U.S. shale oil industry is one of them.
The shale oil industry had been on the rise, and it appeared there was very