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ET - Fed Survey Points To Oil Industry Pain: Pandemic Exacts Toll
Energy Transfer LP
The U.S. deciding to apply some diplomatic pressure to the Saudi Arabia-Russia price war on oil was a sliver of good news for oil markets last week. U.S. pressure may be the one effort that can bring both parties to soften their response of ignoring demand issues and the negative effects it has on the price of oil. Though only part of the bounce for WTI and Brent on last Thursday, any lift to prices would begin to bring some sanity back to the oil market. According to the Wall Street Journal, "U.S. crude rose