Free-Falling: U.S. Oil Drops Below $3 Per Barrel As Demand Disappears
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A key U.S. benchmark hit single digits for the first time in many decades, then kept plummeting, with oil selling for less than $3 a barrel. At the start of 2020, a barrel cost around $60.
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WOW.
Holy shit. When I found this headline, it said $3 a barrel, when I composed the post and clicked through to the story the headline had been updated to $2 a barrel. That's a LOT of CO2 staying in the ground. Less than $2 a barrel.